Mexico’s efforts to attract foreign private investment to its oil and gas industry for the first time in over seven decades only resulted in two companies registering successful bids for the 14 blocks that were on offer in the Round One leasing auction on July 15. According to the Secretaría de Energía de México (SENER),… Keep reading →
Privitisation
Mexico’s Close-to-Shore Oil Auction Falls Short Of Expectations
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By Eduardo Canales, Steven Otillar | Akin Gump Strauss Hauer & Feld LLPOn February 27, 2015, the Comisión Nacional de Hidrocarburos (CNH) published in the Federal Gazzette (or Diario Oficial de la Nación, DOF) the Call for Bidders No. CNH-R01C02/2015, the Bidding Guidelines and the Model Production Sharing Contract (PSC) for five mature contract areas located in shallow waters off the Gulf of Mexico coastlines of Veracruz, Tabasco and Campeche.