Eight oil tenders to bring up to US$153 billion to Mexico

The Mexican government has negotiated investment projects valued at US$153 billion from companies in 20 countries with just eight oil tenders distributed over two rounds conducted after its Energy Reform, according to data by Mexico’s National Hydrocarbons Commission (CNH) and the Ministry of Energy (SENER). The usage of these resources is going to depend on each one of the different oil contracts to develop exploration and extraction activities in blocks located inland, as well as in shallow and deep waters, which might last for up to 50 years.