Mexico’s Deep Water Exploration: Undisclosed Challenges to be Faced

The Mexican government through the National Hydrocarbon Commission (NHC) released the fourth bidding round for deep-water exploration on December 17, 2015. As expected, the NHC opted for a license contract as opposed to the production-sharing approach used in previous rounds 1.1 and 1.2.

In this round, the NHC is putting to bid 10 contract areas distributed within the Perdido Fold Belt (four areas) and Salina’s Basin (Cuenca Salima, six areas), both deep-water regions in the Gulf of Mexico.

The bidding guidelines as well as the model license templates are available for review on the NHC’s website (http://ronda1.gob.mx/).

Read more. The full article can be accessed on page 60.