Mexico's energy opening faces test in deepwater oil auction [Reuters]
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Source: Reuters
Mexico's energy opening faces test in deepwater oil auction | Reuters 5 Min Read MEXICO CITY, Jan 19 (Reuters) - An auction of deepwater oil and gas fields in Mexico this month may prove the last major opportunity for President Enrique Pena Nieto’s government to capitalize on its opening of the energy sector, the central plank of its economic agenda. The Jan. 31 tender of licenses to explore and drill in 29 blocks in the Gulf of Mexico is the biggest chunk of oil and gas wealth on offer since the completion of a 2013-14 legislative overhaul that ended state oil firm Pemex’s decades-long monopoly. Many of the biggest global oil firms have registered to take part, including Exxon Mobil Corp, Royal Dutch Shell Plc , BP Plc, Total SA and China Offshore Oil Corp. The blocks that Mexico is offering could attract billions of dollars in investment from companies that have long coveted access to the deep waters on Mexico’s side of the Gulf. Looming over the auction, however, is a July presiden
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