Next Mexico deepwater oil tender may draw from three Gulf basins

18 Jul 2017   Mexico

 Mexico will announce later this week the bid terms and blocks up for grabs in its next deepwater oil tender, which may include the first areas from the Cordilleras Mexicanas basin, a senior official said on Monday. The Cordilleras Mexicanas deepwater basin is home to national oil company Pemex’s Lakach natural gas project and located east of the Gulf Coast port of Veracruz. Mexico’s first deepwater oil auction last December included blocks from the Perdido Fold Belt straddling the U.S.-Mexico maritime border, and the Salina basin further to the south. For the next deepwater round, the energy ministry is also looking at areas in the Cordilleras Mexicanas basin, said Juan Carlos Zepeda, head of the National Hydrocarbons Commission (CNH), the oil regulator that runs the auctions. “The auction might include blocks from (all) three basins,” he said. The auction will likely take place in January, […]

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