Mexico Awards 10 of 15 Blocks in Oil Auction

20 Jun 2017   Mexico

Mexico awarded 10 blocks of oil and gas for exploration and development to bidders from 10 different countries, including some of the world’s major oil companies, at an auction in the capital Monday. Of the 15 blocks offered, all of them located in shallow waters of the Gulf of Mexico, five went unclaimed, while 10 were awarded to bidders that competed based on the portion of operating profits offered to the Mexican…

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