Latinnews Daily - 26 September 2017

* Mexico’s national hydrocarbons commission (CNH) has signed ten new oil exploration and extraction contracts, with various private firms, in blocs located in shallow waters in Mexico’s national territory. The contracts, worth US$8.2bn, were awarded to German company Deutsche Erdoel AG (DEA); Colombia’s state-owned oil company, Ecopetrol; British firm Capricorn Energy, which is working in partnership with private Mexican firm Citla; Italian-Russian consortium Lukoil International; Italian firm Eni México; and a French-Dutch consortium comprised of Total México and Royal Dutch Shell. The blocs are located in the Tampico-Misantla fields (in the southwest of the Gulf of Mexico) and Cuencas del Sureste fields (in the southeast of the Gulf of Mexico). They cover an area of 5,872km² and have the potential to produce a maximum of 2.42bn barrels of crude. The contracts will be valid for the next 30 years and can be extended for an additional five.

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