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Mexico sets new minimum extra royalties for oil auctions later this year

 

 

MEXICO CITY
Petroleumworld 05 18 2017

Mexico's Finance Ministry on Wednesday set the minimum extra royalty payments that bidding oil companies must offer to win blocks up for grabs in three oil auctions scheduled for later this year.

The ministry said in a statement that the minimum extra royalty payments for the June shallow water auction range from 8.5 percent to 24.8 percent depending on the block, while two onshore auctions set for July have minimum values that range from 2.4 percent to 3.9 percent.


Reporting by David Alire Garcia; Editing by Leslie Adler from Reuters.

reuters.com May 17, 2017

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