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
Mexico’s industrial activity grows 1 pct in September
MEXICO CITY, Nov. 9 (Xinhua) —.
NFL cancels Mexico City Chiefs-Rams game
The NFL has decided to move.
Through Facebook and WhatsApp, Mexican citizens from Tijuana have sparked hate against Central Americans
Through social networks such as WhatsApp.
AMLO’s security plan: Will it really bring the murder rate down?
On November 14th Mr López Obrador,.
Mexican officials quitting top jobs with AMLO set to take office in two weeks
According to Bloomberg, key Mexico officials.
“El Chapo’s” trial shows that not all is well in Mexican law enforcement …
According to THE ECONOMIST, CHIEF AMONG.
It’s official: Mexico will hold “referendum’ on 8 billion USD Maya Train Project
Mexico’s president-elect Andres Manuel Lopez Obrador.
Magic and color at León FIG 2018!
With an attendance of five thousand.
“Buen Fin” could leave an economic spill of 6 billion pesos in Yucatán: CANACO SERVYTUR
The business sector of the state.
American pastor joins the “Migrant Caravan” to find out the truth
Stephanie Martin, is a freelance journalist,.