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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