Oil majors to bid for 14 exploration blocks offshore Mexico
- Business & Finance
National Hydrocarbons Commission of Mexico (CNH) has published a list of twenty six interested parties, individually or in consortia, that have obtained their prequalification certificate to bid for 14 shallow water exploration blocks offshore Mexico.
CNH says that seven consortia and nineteen individual companies pre-qualified including ExxonMobil, Statoil, Chevron, Pemex, BP, Maersk Oil, Lukoil, Total, Nexen, and Petronas.
According to CNH, the Bidding Guidelines for the first call for bids to award Production Sharing Contracts for Exploration and Production of Hydrocarbons over 14 Shallow Water blocks were published on December 11, 2014.
The bidding process consists of three stages. The deadline for first stage, application for data room access, was in March 17, 2015.
Second stage is prequalification and the deadline for submissions was yesterday, May 25, 2015.
Final, third stage, is receiving and opening of bids scheduled for July 15, 2015. At this point, CNH will open the bids and announce the awardees.
According to Bloomberg, Commissioner Juan Carlos Zepeda said that Shell and Petrobras also began the process of pre-qualification, only to withdraw later on from participating in bidding in this first phase of the first round. Zepeda also said that the final version of the contract details for the exploration blocks will be published on June 9, 2015.
Offshore Energy Today Staff