Advertisement
UK markets open in 7 hours 4 minutes
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     
  • CRUDE OIL

    83.46
    +0.10 (+0.12%)
     
  • GOLD FUTURES

    2,337.60
    -4.50 (-0.19%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • Bitcoin GBP

    53,329.40
    -364.96 (-0.68%)
     
  • CMC Crypto 200

    1,429.91
    +15.15 (+1.07%)
     
  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     
  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     

Mexico certifies bidders for December deep water oil auctions

(Corrects paragraph 6 to add additional certified company, Inpex; adds stock symbols missing from paragraphs 5 and 6)

MEXICO CITY, Nov 28 (Reuters) - Mexico's oil regulator announced on Monday a final list of 17 oil companies representing a dozen countries that have pre-qualified to bid on the country's first-ever deep water oil auctions, set for Dec. 5.

The highly anticipated tenders include an auction to pick a partner for Mexican national oil company Pemex to develop its promising Trion field, as well as 10 separate deep water fields, including four clustered around Trion just south of Mexico's maritime border with the United States.

All of the fields are in the country's territorial waters in the Gulf of Mexico, in the Perdido Fold Belt and the Salina basin along the southern rim of the Gulf.

ADVERTISEMENT

The pre-qualified companies constitute a total of 15 bidders, eight of which successfully sought to pre-qualify as individual operators while seven consortia did so as well.

The pre-qualified individual bidders are Australia's BHP Billiton, Britain's BP, China's CNOOC (HKSE: 0883.HK - news) , the United States' ExxonMobil, Malaysia's Petronas , Mexico's Pemex, Norway's Statoil (Hamburg: 1245893.HM - news) and France's Total (LSE: 524773.L - news) .

The seven consortia are Atlantic Rim and Royal Dutch Shell (LSE: 0LN9.L - news) ; Eni (LSE: 0N9S.L - news) and Lukoil; Murphy, Ophir , Petronas unit PC Carigali and Sierra Offshore Exploration; PC Carigali and Sierra; Statoil, BP and Total; Total and ExxonMobil; and Chevron (Euronext: CHTEX.NX - news) along with Pemex and Inpex Corp.

The later consortium marks the first time Pemex has sought to tie up with another oil company in the hopes of jointly developing an exploration and production project.

Juan Carlos Zepeda, president of the oil regulator known as the CNH, said it will not be known until Dec. 5 whether the pre-qualified firms will bid on Trion or the other deep water blocks up for grabs.

He added that companies are barred from bidding more than once on the same project, as several firms are simultaneously pre-qualified in consortia as well as individually.

The auctions will mark the fourth phase of the so-called Round One tender, a major part of an energy reform launched in 2013 that ended the decades-long monopoly enjoyed by Pemex and aims to reverse a dozen years of declining crude output. (Reporting by David Alire Garcia; Editing by Bernadette Baumn and Steve Orlofsky)