1st May 2016
Mexico's ambitious program to attract foreign investment into the oil and gas sector is now well underway. Round One has so far resulted in a total of 30 exploration and extraction blocks awarded to 18 different operators. Pemex has recently announced it will seek JV partners for operations in the deepwater field areas as part of Round 1.4. Additionally, the National Hydrocarbon Commission (CNH) has just released the opening of Round Two with the introduction of 15 new shallow water exploration blocks available to be bid on in March of 2017 (Round 2.1). There are strong indications that another bidding package (Round 2.2) will be released in Q3 of 2016. As you can clearly see, Mexico is heating up!
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