Mexico’s oil sector regulator approved on Monday May 11th the terms for its next package of contracts covering 26 onshore areas, part of the country’s historic energy industry opening after decades of state control.
The onshore areas to be tendered are spread across five states and contain 2.5 billion barrels of oil equivalent (boe) in proven, probable and possible reserves.
The call for bids for the onshore areas follows two earlier packages covering 19 low-cost shallow water areas divided into nearly two dozen contracts, all part of the so-called Round One tender that was launched late last year along with an initial allotment of areas to national oil company Pemex.
The Round One tender features packages of blocks grouped by type of petroleum basin and will allow oil companies to bid on contracts covering 169 offshore and onshore blocks for the first time since Mexico’s oil industry was nationalized in 1938.
(Reporting by David Alire Garcia)
more recommended stories
Teen jogger who accidentally crossed U.S. border from Canada is detained for two weeks
A teenager out for a beachside.
Grand Finale of the 2018 Merida Initiative National Mock Trial Competition for Mexican Law Students
Mexico City, 21 June, 2018 –.
Three time NBA Champion Klay Thompson charters plane to Mexico full of IG models
Three-time champion Klay Thompson is in.
Mexico’s soccer national team mental coach is transforming mindsets nationwide
Though the spotlight is always on.
Maya sacred book “Chilam Balam Tekax” astrological predictions analyzed by INAH experts
The first specialized integral study of.
Prisma Hotel Group announces investment of 357 million for remodeling hotels nationwide
With the objective of always providing.
Trump’s ‘Tent Cities’: where unaccompanied minors are kept in South Texas
According to Esquire: Beyond the moral and.
“Mayas y Piratas” Festival in Chetumal
The Bay of Chetumal will host.
The current ESAY premises will be turned into the new University of the Arts
“The transformation of the Higher School.
Growth in tourism is expected in Valladolid during the summer holiday season
After carrying out various promotional activities,.