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Mexico's Deep Water Awards in 2016

Source: www.gulfoilandgas.com 12/28/2016, Location: South America

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In 5 December 2016, Mexico awarded eight out of ten blocks in its deep water round, R01-L04, with large Companies like Chevron, Exxon and Total among the winners of the National Hydrocarbons Commissionís bidding process.

Statoil was awarded blocks 1 and 3 in the Saline Basin in the tender. The blocks cover an area of about 5,650 km2 (approx. 2,200 square miles) in the largely unexplored deepwater areas of the Saline Basin. Statoil will be the operator of blocks 1 and 3, at 33.4% equity, with partners BP and Total participating equally with the remaining equity.

A consortium of Petroleos Mexicanos, participating jointly with the companies Inpex Corporation and Chevron Energia de Mexico, a subsidiary of Chevron Corporation, whereby the latter is the leader of the consortium, were winners of Block 3 North in the tender.

Total and ExxonMobil have been awarded exploration licenses on Block2 in offshore Mexico. Total will be operator of Block 2 in the Perdido basin with a 50% interest, while ExxonMobil has the remaining 50%. The block covers a surface area of 2,977 square kilometers at water depths ranging from 2,300 to 3,600 meters.

BHP Billiton it is the winning bidder to acquire a 60 per cent participating interest in and operator ship of blocks AE-0092 and AE-0093 containing the Trion discovery located in the deep-water Gulf of Mexico. PEMEX Exploration & Production will retain a 40 per cent interest in the blocks.

Also China's Offshore Oil Corporation took two of the eight blocks. A consortium of Murphy Oil Corporation (MUR), Petronas, Ophir Energy and Sierra Offshore Exploration has awarded Block 5 during Mexico's deepwater auction.

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