Mexico Sets Next Deep-water Oil, Gas Tenders
Mexico's oil regulator, the National Hydrocarbons Commission, set Jan. 31 as the date for the next round of auctions for deep-water oil and gas tenders in the Gulf of Mexico. The so-called 2.4 auctions will offer 30 areas, of which 10 are in the Cordilleras Mexicanas deepwater basin, 10 others in the Salina Basin, nine in the Perdido Fold Belt off the U.S.-Mexico maritime border and one more in the Yucatan platform. The Cordilleras Mexicanas deepwater basin is home to national oil company Pemex's Lakach natural gas project and located east of the Gulf Coast port of Veracruz. C
CGG Registered to Estimate Reserves in Mexico
CGG Registered to Estimate Reserves in Mexico CGG’s Mexican entity, CGGVeritas Services de México S.A. de C.V., has become one of a small number of companies to be registered by Mexico’s National Hydrocarbons Commission (CNH) as an independent third party qualified to audit and certify Mexico’s reserves, either for oil and gas operators or directly for the CNH. Registration of CGG’s auditing and reporting services will apply to all of Mexico’s oil and natural gas resources from conventional to unconventional in both offshore and onshore
Talos Energy to Operate Contracts in Mexico
Talos and its consortium partners, Mexico's Sierra Oil & Gas and Britain's Premier Oil, were the only winners in the disappointing first phase of the oil and gas tender. Talos will conduct all the exploration and drilling because of its technical experience and capabilities, National Hydrocarbons Commission President Juan Carlos Zepeda said, and its partners will provide financing. Mexico only received bids, or proposals that met its requirements, for two of 14 blocks in an auction meant to open up an energy sector that has long been dominated by state-run oil company Pemex. (Reporting
Mexico Lifts Bidding Limits for First Batch of Oil Tenders
a major energy reform approved by Congress last year. The constitutional reform ended the decades-long monopoly enjoyed by state-owned oil company Pemex and aims to reverse a decade-long slide in Mexican crude output. Responding to complaints from private and foreign companies, the national hydrocarbons commission, or CNH, eliminated caps on how many contracts firms can bid on. It also reversed a rule that would have required them to destroy the geological data they purchase for fields they are not ultimately awarded. The CNH voted to give the Finance Ministry more oversight over the long-term
Mexico OKs 5 Shallow Water Areas in Round One Oil Tender
will be awarded to companies or consortia by late September. The final bidding terms and contracts for the areas already in various stages of development will be published by the end of May, a couple of weeks earlier that had been envisioned, said Juan Carlos Zepeda, head of Mexico's national hydrocarbons commission. Mexico's historic Round One tender includes dozens of fields grouped by basin, with the first batch of 14 contracts approved in mid-December. The newly approved second tranche covers about 108 square miles (280 sq km) and have similar terms and conditions as the first batch, including
Mexico Limits Bids for Shallow Water Contracts
Oil companies bidding for contracts under an energy sector opening in Mexico will be limited to bidding on up to five shallow water areas, the country's hydrocarbons regulator said on Thursday. The National Hydrocarbons Commission also said that no operator can take part in more than one consortium on the first round, as it set out a series of rules and requirements for prospective bids. The first round of contracts are for 14 shallow water areas featuring significant deposits of light crude oil and will pay winning firms with a share of output from projects that Mexican regulators
February 2024
