Dow Jones Quotes Steven Otillar on Latest Round of Mexico Oil Auctions
Akin Gump oil and gas partner Steven Otillar was quoted by Dow Jones Newswires for the article “Mexico Awards 19 Deep-Water Blocks in Oil Auction.”
Otillar, whose practice focuses on international energy project finance and development, with an emphasis on emerging markets, commented on the latest round of Gulf of Mexico deep-water oil auctions held by Mexico.
Regarding successful bids by Royal Dutch Shell, which won nine of the 19 blocks awarded, he said they “fit in pretty well with the Whale discovery that was just announced,” referring to news of a major find from Shell’s Whale deep-water well.
Otillar added, “Shell's also the one that operates the Perdido spar there, so it's a perfect synergy, it seems, for them.”