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Mexico sets January 31, 2018 for next deep-water oil, gas tenders instead of December

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Staff Writer | July 20, 2017
Mexico's oil regulator, the National Hydrocarbons Commission, set January 31, 2018 as the date for the next round of auctions for deep-water oil and gas tenders in the Gulf of Mexico.
Mexico oil tender
Oil exploration   2.4 auctions will offer 30 areas
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.

Cordilleras Mexicanas is viewed by the oil and gas industry as having extensive untapped potential.

The auction will be the first time the basin has been made available to international oil majors, which for decades have profitably developed other fields in U.S. waters nearby.