Mexico's Round One Trion JV: first mover opportunity in the Perdido Area
Mexico has announced Round One’s biggest prize. The Trion deepwater oil discovery, will be offered in tandem with the ongoing deepwater exploration round. The winner will acquire a 55% stake and operate, with Pemex retaining 45%. The closing date is 5 December 2016. If the government sets a reasonable bid range, we believe Trion will be awarded and expect first oil by 2022.
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Bids are due on 5 December 2016
JV opportunities to be interspersed with Round One and Two phases