En Español

Very usefull links


News links




Dow Jones

Oil price



Views and News





Mexico CNH to launch two annual oil auctions beginning in 2018



Petroleumworld.com 03 03 2017

Mexico's oil regulator will organize two annual oil auctions beginning in 2018, officials said Thursday, in a bid to further boost the number of private and foreign producers operating in the country.

Part of an ongoing overhaul of Mexico's energy sector, the post-2018 auctions will follow three previously announced ones set for later this year, covering two shallow water tenders and a separate onshore tender.

Last month, a senior energy official told Reuters a fourth auction will include deep water fields.

The deep water auction is set for December and will now also feature so-called unconventional onshore shale fields, Aldo Flores, deputy energy minister for hydrocarbons, told reporters on Thursday as the ministry announced its five-year development plan for the sector.

The inclusion of shale fields in the auction, most likely near Mexico's northern border with the United States, will mark a first for Mexico, where development of its own shale basins badly lags booming U.S. fields next door.

Officials did not specify the locations of future fields up for grabs in the new five-year plan or the type of contract it plans to offer.

The twice yearly oil auctions beginning in 2018 will feature one during the first half of the year including shallow water and onshore conventional fields, and another in the second half including deep water and shale fields, said Flores, who also sits on the board of state-owned oil company Pemex.

A four-year-old landmark energy overhaul ended the decades-long exploration and production monopoly enjoyed by Pemex while also allowing private and foreign oil companies to operate fields on their own for the first time.

The National Hydrocarbons Commission, the sector regulator known locally as the CNH, oversaw four inaugural oil auctions last year in which near


Reporting by Ana Isabel Martinez; Writing by David Alire Garcia; Editing by David Gregorio from Reuters

We invite all our readers to share with us
their views and comments about this article

Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels






Contact: editor@petroleumworld.com,

Editor & Publisher:P.Ohep F. /Producer - Publisher:P.Ohep F./
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2016, Petroleumworld   / Elio Ohep Fitzgerald- All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.