Mexico holds 3rd shallow water auction

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Monday, June 19, 2017

Mexico's hydrocarbons commission (CNH) held the third shallow water auction on Monday, the first of Round Two.

The auction put 15 contractual areas up for grabs in the southern Gulf of Mexico, offshore Veracruz, Tabasco and Campeche, and in which global majors such as BP, ConocoPhillips, Chevron, DEA Deutsche Erdoel, Ecopetrol, Hunt Overseas, Inpex, Lukoil, ONGC Videsh, PC Carigali, Repsol, Shell and Total are participating.

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The auction was being streamed live here.

Companies were bidding individually and in consortiums with local firms that include Citla Energy, Talos Energy, Premier Oil and Sierra Perote.

Also read: Mexico's oil and gas auctions begin to bear fruit

The CNH published the bidding rules on May 26, which can be viewed here in Spanish, and also published 2D and 3D seismic data for the 15 areas on offer in the upcoming auction, which can be seen here in Spanish.

The auction was initially set to include the selection of a partner with which Pemex's E&P division PEP would develop the shallow water Ayín-Batsil field, but that process has been pushed back to October 4, allowing time for more firms to participate.

For more on Monday's auction, go to this link