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
Fitch confirms Mexico’s good rating, but warns of AMLO risks
The rating agency Fitch Ratings confirmed the credit rating of.
“Yucatan’s good public safety is attracting foreign direct investment”: Expert
“Just a few years ago, Yucatan.
Members of the “Antorchista” Mexican political organization march the streets of Mérida
According to estimations of the state.
Mexico, Inditex fifth most important market in 2017
The expansion and growth of the.
Explosions rattle Austin, Texas
A deadly string of unsolved bombings in.
Quintana Roo will have Port Facilities Protection Code
“As part of the security adjustments.
Mexico celebrates Benito Juarez “The Lincoln of Mexico”
Benito Juarez’s birthday (March 21) is.
Presidential candidate José A. Meade warns about influence of organized crime in Mexican elections
One of the concerns for this.
K’u’uk: contemporary cuisine or pure alchemy?
Acknowledged at the Food and Travel.
Mérida, one of the best cities to live in Mexico (and the world)
Dan Prescher wrote an article for.