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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
Bad week in Mexico and it is only Wednesday

Bad week in Mexico and it is only Wednesday

The map comes from the National Hydrocarbons Commission (CNH) webpage. The details for each block can be found on the same page but we provide a summary below.

Wednesday, July 15th, 2015

Ecopetrol drops out of first Mexico bidding round

Ecopetrol (NYSE:EC) has withdrawn its participation in a consortium formed to bid on offshore blocks in the Mexico Round 1 just days ahead of the presentation of bids.

Wednesday, July 8th, 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

ECP, PRE set their sights on Mexico

Ecopetrol (NYSE:EC) and Pacific Rubiales (TSX:PRE) are both looking north and making the upcoming concession round in Mexico one of their main targets looking forward. Both are included in the list of 39 firms pre-qualified for Round One.

Wednesday, April 1st, 2015