Mexico Sets Its First Deepwater Gulf Oil Auction

Posted by Eric Haun
Friday, February 26, 2016
Contract awards for Mexico's first-ever deepwater oil auction covering 10 potentially lucrative blocks are expected to take place on December 5, oil regulator CNH said on Friday, a tender that will test investor interest given a worldwide price slump.
 
The 10 blocks are located in the country's territorial waters in the Gulf of Mexico.
 
A formal vote to approve the date is expected to pass by a unanimous vote of CNH commissioners.
 

(Reporting by David Alire Garcia)

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