Mexico’s National Hydrocarbon Commission (CNH) launched Thursday an auction to farm out seven onshore clusters under Pemex’s control in a bid to help the state oil company find financial resources and technical support to halt a sharp drop in production from the areas. The clusters will be awarded on October 31, CNH said during a webcast. The areas are located in the southern states of Veracruz, Tabasco and Chiapas and are named Artesa, Juspi-Teotleco, Giraldas-Sunuapa, Bedel-Gasifero, Bacal-Nelash, Cinco Presidentes, and Lacamango. The seven clusters produced a combined 33,000 b/d of oil and 190 MMcf/d in March. After farming out the areas, CNH expects they will reach combined peak production of 58,000 b/d and 310 MMcf/d by 2022-2023. Article continues below… Oilgram News brings you fast-breaking global petroleum and gas news on and including: Industry players, upstream and downstream markets, refineries, midstream transportation and financial reports Supply and demand trends, […]