North America
July 27, 2015
Fossil Fuels | Oil
Policy Brief
Mexico’s Close-to-Shore Oil Auction Falls Short of Expectations
Upcoming Auctions in Deeper Waters with Modified Terms More Likely to Attract Major Investors
Key Takeaways: Mexico’s July 15 opening Round One close-to-shore oil and gas auction fell short of expectations with only 2 of 14 blocks auctioned and a number of major international players sitting out Subsequent Round One auctions for deepwater oil fields will attract more interest from major players, but Mexico will be forced to revisit…