Mexico's Round One - competitive minimums set for shallow-water development phase
On 14 September, Mexico's Finance Ministry announced the minimum acceptable bids for the shallow-water development opportunities phase in Round One. The announcement comes two weeks ahead of the phase's closing on 30 September 2015. We consider the minimum acceptable bids to be internationally competitive and believe that around two-thirds of the qualified companies could place bids. We believe this will result in at least three of the five available areas being awarded.