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Mexico awards 2nd block in oil tender to Sierra, Premier and Talos

Reuters - UK Focus

(Repeats with no changes to text)

MEXICO CITY, July 15 (Reuters) - Mexico's oil regulator on Wednesday awarded the second block in its initial offshore tender to the consortium including Sierra Oil & Gas, Premier Oil (LSE: PMO.L - news) and Talos Energy.

The block is one of more than a dozen oil fields being auctioned as part of a historic sector opening the government hopes will fuel more robust growth in Latin America's second biggest economy.

The consortium's winning bid for the production-sharing contract covering the shallow water block along the southern rim of the Gulf of Mexico offered 55.99 percent of pre-tax profits to the state. (Reporting by Adriana Barrera and David Alire Garcia)