Mexico Launches Second Round of Oil Auctions
June 19 2017 - 12:29PM
Dow Jones News
By Robbie Whelan
MEXICO CITY--Mexico launched its second round of oil block
auctions Monday, offering production-sharing contracts in 15
offshore areas in the Gulf of Mexico.
Germany's DEA Deutsche Erdoel and Mexican state oil company
Petróleos Mexicanos won the second of the shallow-water areas up
for grabs, offering the government a share of 57.92% of the
operating profit from the block, outbidding Italy's ENI SpA and
Russia's Lukoil, which submitted a bid of 55.14%.
The first and third of the 15 blocks received no offers from the
20 groups that registered to bid.
The first round of auctions under Mexico's 2013 overhaul of the
energy sector ended in December with the awarding of eight out of
10 deep-water blocks in the Gulf of Mexico. The government has also
awarded dozens of offshore and onshore areas.
Write to Robbie Whelan at robbie.whelan@wsj.com
(END) Dow Jones Newswires
June 19, 2017 12:14 ET (16:14 GMT)
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