Mexico’s Energy Industry: Round 3.1: Mexico Adds Another Success in Latest Shallow Water Tender
Mexico’s Energy Industry: Round 3.1: Mexico Adds Another Success in Latest Shallow Water Tender
Mexico’s Energy Industry: Round 3.1: Mexico Adds Another Success in Latest Shallow Water Tender
Key Points
- Round 3.1 exceeded expectations by awarding 16 of 35 contract areas
- All available contract areas in the Cuencas del Surest region were awarded in a highly competitive tender
- The Mexican government has awarded 107 licenses and production sharing contracts since the enactment of the Energy Reform in 2013
On March 27, 2018, the Comisión Nacional de Hidrocarburos (“CNH”) completed the Presentation and Opening of Bid Proposals for the First Tender of Round Three (“Round 3.1”), which was first announced on September 29, 2017. Round 3.1 attracted 30 oil and gas companies from around the world including Royal Dutch Shell, ExxonMobil, Premier Oil, Pemex, Lukoil, BP, Deutsche Erdoel, Repsol, ENI and Total, among others.
Authors
