Mexico's Energy Industry Round 2 Farmouts: PEMEX finds new partners

October 4, 2017 | Reading Time: 1 min

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Mexico's Energy Industry Round 2 Farmouts: PEMEX finds new partners

October 4, 2017

Reading Time : 1 min
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Mexico's Energy Industry Round 2 Farmouts: PEMEX finds new partners

By: Eduardo Canales

Key points

  • Mexico’s second farmout bid round to find partners for PEMEX oil and gas development yielded mixed results, with 2 onshore license awarded and 1 shallow water PSC vacated with no bids
  • Egyptian company Cheiron Holdings wins Cardenas Mora block with 13% additional royalty and $41,500,000 bonus
  • German company DEA Deutsche Erdoel wins 4-way tie for Ogarrio block with 13% additional royalty and $213,870,000 bonus

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