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Interest swells for Mexico deepwater auction

Posted on April 28, 2016 by Marketing

Twenty-nine firms have now expressed an interest in Mexico's deepwater auction, to be held December 15, while 22 have requested access to the national hydrocarbon commission's (CNH) data room and 17 have been granted access.

The deepwater round is attracting interest from majors, and the companies that have accessed the data room include Atlantic Rim, BHP Billiton, BP, Chevron, China Offshore Oil Corporation, Eni México, ExxonMobil,Hess, Murphy Sur, Petro-Canada Holdings, Statoil and Total.

Ten of those firms, including Mexico's state oil firm Pemex, have begun the pre-qualification process.

Mexico's three previous rounds, for shallow water and onshore fields, attracted smaller, local players.

The auction, originally scheduled for October, will put four contract areas up for bids in the Perdido belt and Salina basin in the Gulf of Mexico, and is expected to attract investment of around US$44bn, according to energy ministry estimates.