Insight
Feeding frenzy in Mexico's shallow-waters - results from Round Two
Report summary
Mexico continued its streak of successful licensing rounds with Round Two's shallow-water exploration phase, which saw strong bidding even as global exploration spend remains disciplined. Industry-nominated blocks led the way, with the award of 10 of 15 blocks, in line with Wood Mackenzie’s earlier prediction.
Table of contents
- Ten of fifteen blocks were awarded
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A healthy variety of peer groups participated, further diversifying Mexico’s upstream sector
- New entrants: Independents, regional NOCs and PE-backed companies
- ENI and Cairn collaborate and compete
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Work commitments should have a heavier weighting in the bidding variable
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Salinas Sureste
- Only two Salinas Sureste blocks went unawarded
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Potential returns vary markedly given the wide range of bids
- Conclusion
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Salinas Sureste
Tables and charts
This report includes 9 images and tables including:
- Feeding frenzy in Mexico's shallow-waters - results from Round Two: Image 1
- Feeding frenzy in Mexico's shallow-waters - results from Round Two: Table 1
- Pemex submitted the greatest number of bids *
- Most companies bid for few blocks through aggressive offers
- Competition was heated in the Salinas Sureste blocks
- Most government profit share bids allowed for economic returns
- Feeding frenzy in Mexico's shallow-waters - results from Round Two: Image 4
- The DEA/Pemex consortium picked up the only block in Tampico Misantla
- Pemex/DEA were the only winners of Tampico Misantla acreage
What's included
This report contains:
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