— adn40 (@adn40mx) 24 de junio de 2017
During ‘Ronda 2’ or The Second Round Bid, Mexico allocated 10 out of 15 oil and gas blocks in shallow waters of the Gulf of Mexico.
The secretary of Energy, Pedro Joaquin Coldwell described the process as a remarkable succes: “We believe that tha results are remarkable for a whole bunch of reasons. The percentage of allotment regarding the 10 allocated blocks is around 67%, a very high percentage.”
In a press conference, Coldwell estimated that the investment generated for this 10 blocks will serve as the 8 billion dollar mark and it will create more than 80,000 jobs. “If the blocks accomplish market success, they could achieve a peak output of nearly 170,000 barrels per day.”
Juan Carlos Zepeda, head of the National Hidrocarbon Committee stated that pumping the first barrels would take up to seven years. He also explained that corporations were mainly interested in light oil as it is highly valued within the oil market.
In the next bidding process, the ‘2.2 Round,’ natural gas blocks will be auctioned.
Source: ADN 40 News