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Mexico Plans Next Bidding Round by End June

Source: Reuters 6/8/2016, Location: South America

The next bidding round in the opening of Mexico's oil sector will be called by the end of June and consist of 15 shallow water blocks for exploration and extraction in the Gulf of Mexico, Energy Minister Pedro Joaquin Coldwell said Wednesday.

Coldwell announced the round, denominated 2.1, at an event in the northern city of Monterrey.

The following round, or 2.2, would be called by the end of the summer and comprise 14 onshore blocks for exploration and production in the Burgos Basin in the north of the country as well as in southeast Mexico, Coldwell added.

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