Mexico's Round One - onshore conventional opportunities

Offering 26 onshore conventional fields, Mexico has announced the next phase of Round One bidding. All the proposals are located in the Burgos, Tampico-Misantla, and Salinas-Sureste Basins.

New Mexican E&P companies are able to participate in this round of bidding as the qualification criteria are very different from the shallow-water development rounds.

Pablo Medina, Research Analyst at Wood Mackenzie elaborates: “Unlike the previous two rounds, this round will use a license contract with bidding variables including additional royalty and work commitment. The regime has the potential to be very attractive, although it will ultimately depend on the minimum acceptable bid level that will be announced at a future date.”

Concluding, Medina emphasises that this round could be very attractive for smaller players but it will not lift Mexico's oil production significantly.

Adapted from press release by Joseph Green

Published on 21/05/2015

Get your FREE Oilfield Technology magazine »

Get your FREE trial of Hydrocarbon Engineering magazine »

Get your FREE trial of World Pipelines magazine »


Related articles

Mexican licensing round

Wood Mackenzie: Shallow Water development opportunities in Mexico's Round One.

Mexican licence framework conducive to active bidding

Mexico’s new licence framework should prove attractive in the upcoming bidding round, according to GlobalData.

Mexican energy reform

President signs energy reform legislation.

Mexican energy reform and oil production

The US Energy Information Administration says that the Mexican energy reform seeks to reverse decline in oil production.

Recommend magazines

  Oilfield Technology