Weekly Report - 11 February 2016 (WR-16-06)

MEXICO | Firms queue up for third phase of ‘Round 1’ concessions. On 29 January Mexico’s national hydrocarbons commission (CNH) revealed that at least four multinational oil companies, including the US firms Chevron and Hess, Dutch company Shell, and France’s Total, are now seeking to qualify in the third phase of Mexico’s ‘Round 1’ of oil concessions opened to private operators. Ten oil offshore deep water concessions in the Gulf of Mexico are being offered in this phase. It is expected that their award could generate at least US$44bn for the Mexican state. Bidding was launched on 17 December 2015.

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