Mexico closed its second deepwater auction today on a high note. Mexico's National Hydrocarbons Commission (CNH) awarded 19 of the 29 blocks on offer, raising more than US$500 million in cash payments. Shell dominated the auction, winning nearly half of all blocks awarded.
As expected, the acreage in the Perdido and Salinas Sureste areas proved to be the most sought after of the round. Shell won five of the six awarded blocks in the Perdido area.