Chevron Corp. has joined forces with Petroleos Mexicanos and Japan’s Inpex Corp. to bid next week for the right to explore for oil and natural gas, the first time the state-owned operator will partner with private companies to develop crude in the Gulf of Mexico.
Bloomberg News reports seven groups and eight individual bidders have been qualified to participate in the Dec. 5 auctions that include the Trion field joint-venture with Pemex and 10 other deepwater blocks, Mexico’s National Hydrocarbons Commission announced in Mexico City on Monday. The regulator didn’t specify which bids were for the joint venture or for the other areas.
Total SA joined forces with BP Plc and Norway’s Statoil in one group, and with Exxon Mobil Corp. in another. Eni SpA and Lukoil also joined up, and Anadarko Petroleum Corp. and Royal Dutch Shell Plc formed another group.
“We are attracting investment and technoloy in deep waters, where a large part of our national reserves are located,” Hector Moreira, Commissioner at the Mexico Oil Regulator and former Pemex board member, said Monday. “We have attracted some of the largest companies in the world that have the technology and investment capacities to develop those resources.”
To read complete article click here.
more recommended stories
Southwest Airlines to expand cargo business to Mexico
According to CNBC News, the avocado on.
Mérida hotels take measures against Influenza
The hotel and commerce sector of.
CICY scientists develop international biomimetic study on cocoyol fruit’s toughness
The Cocoyol or Coyol (Acrocomia Mexicana).
American tourist killed by stray bullet in Mexico City: ABC News
According to ABC News, an American.
Tour Mexico’s Yucatan Peninsula and explore ancient Maya culture
The archaeological sites of the Maya.
OPINION: AMLO will fight the drug war in a different way
Phillip Smith is a writer, author.
Top 10 things you should know about NABCO Ghana
While NABCO is still a new.
Mérida City Council will take “vulnerable social groups” representatives to visit Logos Hope
MÉRIDA, Yuc.- The City Council of.
Four deaths in Yucatán due to Influenza: State Health Secretariat
After days of waiting to have.
Mexico opposes U.S. plan to make it take asylum seekers -document, source
MEXICO CITY, July 12 (Reuters) –.