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Changes for Round Two were released

Secretary of Energy (Sener), the Secretary of Finance and Public Credit (SHPC) and the National Hydrocarbons Commission (CNH) in a statement made public the modifications of the model contracts and the bidding bases for exploration and extraction of hydrocarbons in the Gulf of Mexico.

Wednesday, August 3rd, 2016

There is a date for Round Two

Mexican Government has announced that Round Two will be held on March 22, 2017. Mexican authorities are looking to grant oil contracts for US$11.250M.

Tuesday, July 26th, 2016

Fourth tender generates big expectations

The global consulting firm IHS expects a positive response from foreign investors in next Mexican Round of bidding. The government will bid E&P offshore areas in the Gulf of Mexico.

Friday, July 22nd, 2016

Lakach project could start again

Pemex has delayed the project in the Lakach gas field for various difficulties over the last years but according to a report in Imagen del Golfo, Mayor of Alvarado, Octavio Ruiz Barroso said that the company could restart this important plan in coming months.

Thursday, June 30th, 2016

Mexico auction a 100% success UPDATED

After a necessary change in the rules, which allowed individuals access to the recently-opened Mexican oil market, and after two disappointing Round One auctions, the third phase was held yesterday (December 15, 2015). All 25 available contracts were awarded, making it is the most successful round so far.

Tuesday, December 15th, 2015

More lessons from Mexico’s Round

Colombian authorities should be paying close attention to not just the results of the first Mexico Round, but how the rest of the process plays out. It clearly demonstrates that contract conditions and geology weigh just as heavily as state take when deciding whether to bid or not, says a business publication.

Wednesday, August 12th, 2015

Mexico auction taking shape

Pacific Rubiales (TSX:PRE) and Ecopetrol (NYSE:EC) are the only Colombia focused operators participating in the historic bidding round that will open the Mexican oil industry to private capital, which has advanced to the next stage.

Monday, June 15th, 2015

ANH Chief: Mexico must focus on investment, become competitive

In the transition from a state operated monopoly to a mixed scenario with private players Mexico must find ways to be competitive globally and encourage sustained private investment in exploration says Germán Arce, president of Colombia’s National Hydrocarbons Agency (ANH).

Tuesday, August 6th, 2013