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Mexico to offer 35 shallow-water blocks in March 2018 bid round

Staff Writer | September 29, 2017
Mexico's National Hydrocarbon Commission will auction 35 shallow-water blocks in its first invitation to bids of the country's third hydrocarbon auction round, or Round 3.1, the commission CNH said.
Mexico Hydrocarbon
LatAm   Exploration potential
These blocks have a range of prospective resources ranging from light to heavy crudes, as well wet and dry gas blocks, the CNH said at a webcast session. The auction will be held March 27, 2018.

The total area of the blocks is 26,300 sq km. They are in the Burgos, Tampico-Misantla-Veracruz and Cuencas del Sureste basins.

A new feature of Round 3.1 is the inclusion of four "exploration-extraction clusters," CNH said. These blocks include discovered fields that were not awarded in Round 2.1.

These blocks will give access to areas with exploration potential as well discovered fields ready for development, CNH has said previously.

CNH will auction 14 fields with a total area of 8,400 sq km in the Burgos region in the state of Tamaulipas' offshore. This is the first time Mexico would offer blocks in this region.