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First Mexican deepwater auction to involve 16 potential companies

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Staff Writer | August 29, 2016
A total of 26 companies have been pre-approved as bidders for Mexico's first deepwater lease auction on December 5, the nation's upstream regulator, the National Hydrocarbons Commission (CNH), announced.
Mexican deepwater auction
Oil exploration   Before the December 5 auction
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Some 16 companies have been approved as operators and 10 as consortium partners. None of the requests for participation in either category was rejected, Platts reports.

All met rigorous standards in terms of financial solidity, and experience in technical and safety requirements, said Juan Carlos Zepeda, CNH president.

The 16 potential operators are Atlantic Rim (Anadarko), BHP Billiton, BP, Chevron, CNOOC, Eni, ExxonMobil, Hess, Murphy, Noble Energy, PC Carigali (Petronas), Pemex, Repsol, Shell, Statoil and Total.

The 10 potential consortium partners are Galp, Inpex, Lukoil, Mitsubishi, Mitsui, ONGC Videsh, Ophir, Petro-Canada, Petrobras and Sierra Offshore.

A week before the December 5 auction, the companies must announce the composition of the bidding consortiums.

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