Here Are the Potentially Lucrative Areas Up for Grabs in Mexico’s Deepwater Oil Auction
MEXICO CITY, Jan 31 (Reuters)– The Mexican federal government is looking for to auction off growth civil liberties to 29 deepwater oil as well as gas blocks in its territorial waters in the Gulf of Mexico on Wednesday, the nation’s 8th tender because a site power opening was settled in 2014.
The adhering to information the blocks up for grabs, the business as well as consortia pre-qualified as well as signed up to bid, the procedure whereby champions are figured out as well as previous deepwater public auction champions:
* Among the deepwater legal locations in the public auction, 9 blocks lie in the Perdido Fold Belt that straddles the united state-Mexico maritime boundary.
* Ten blocks get on deal in the Cordilleras Mexicanas container situated along the southwestern edge of the Gulf, as well as an additional 10 in the Salina container gathered along the southeastern side of the Gulf.
* Twenty- 6 business as well as consortia have actually pre-qualified as well as signed up to bid on the offered blocks, conference minimum criteria for both technological as well as monetary capacity.
* The companies pre-qualified as well as signed up as specific prospective buyers consist of BHP Billiton, China Offshore Oil Corp., ExxonMobil, Noble Energy, Pemex, COMPUTER Carigali, Royal Dutch Shell, Statoil as well as Total.
The consortia pre-qualified as well as signed up to bid consist of BP as well as Statoil; BP, Statoil as well as Total; Chevron as well as Pemex; Chevron, Pemex as well as Inpex; Chevron, Pemex as well as ONGC Videsh;China Offshore Oil Corp as well as COMPUTER Carigali; Eni, Qatar Petroleum International as well as Citla Energy; Eni as well as Qatar Petroleum International; Noble Energy as well as Deutsche Erdoel; Noble Energy, Pemex as well as Deutsche Erdoel; Pemex as well as China Offshore Oil Corp.; COMPUTER Carigali, Ophir as well as PTTEP; Repsol as well as COMPUTER Carigali; Repsol, COMPUTER Carigali, Sierra Nevada as well as PTTEP; Repsol, COMPUTER Carigali as well as Ophir; Royal Dutch Shell as well as Pemex; as well as Royal Dutch Shell as well as Qatar Petroleum International.
* In order to satisfy minimal technological ability as a possible driver, interested companies have to have previous experience running a deepwater expedition and/or manufacturing location at a water deepness of at the very least 1,640 feet (500 meters) in the previous 5 years.
* To satisfy minimal monetary ability as a possible driver, interested companies have to contend the very least $2 billion in resources, complete possessions worth at the very least $10 billion along with an investment-grade debt ranking.
* Winners are figured out based upon the greatest proposal supplied computed as a heavy formula that prefers an extra aristocracy supplied to the federal government yet additionally consists of an additional financial investment dedication in the expedition stage of each permit agreement.
* In the occasion of a connection, a cash money settlement supplied to the federal government will certainly function as the tie-breaker.
* Mexico’s previous deepwater Gulf oil public auction occurred onDec 5, 2016, as well as 8 of 10 obstructs up for grabs were granted.
* The champions consisted of specific prospective buyer China Offshore Oil Corp., as well as the adhering to consortia: Total as well as ExxonMobil; Statoil, BP as well as Total; Chevron, Pemex as well as Inpex; COMPUTER Carigali as well as Sierra Coronado; as well as Murphy, Ophir, COMPUTER Carigali as well asSierra Offshore Exploration (Reporting by David Alire Garcia; Editing by Joseph Radford)
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