Mexico is looking to attract more than $30 billion in investment through its second auction for deep-water oil and gas acreage.
The offering for 30 licence-style contracts will include nine blocks in the Perdido foldbelt, 10 in the Mexican Ridges area, 10 in the Salina basin and one off the Yucatan platform, according to the company’s National Hydrocarbons Commission (CNH). Bids are due to be opened at the end of January next year.
The energy sector in Mexico was recently liberalised meaning that for the first time in nearly 80 years, international companies were able to bid for acreage in Mexican waters. Ophir has a 23.3% non-operated interest in Block 5, located in the Sureste Basin in the Gulf of Mexico. Ophir Energy was an active bidder in bidding round 2.1 earlier this year.