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Latin American Economy & Business - July 2017 (ISSN 1741-7430)
Mexico: Good start to Round 2
Mexico had the misfortune of launching its first round (Round 1) of auctions for oil and gas exploration & production (E&P) licences in 2015/16, just after a major slump in international hydrocarbons prices. Because of the slump there were mixed results, but there was still investor interest. The results of the first phase of Round 2, announced in June, show continuing interest. Ten of the 15 offshore shallow-water blocks on offer were awarded, for expected total investment of US$8.2bn over 35 years.
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