Shell takes nine of 19 blocks awarded in Mexico’s deep water tender

31 January, 2018

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Royal Dutch Shell was the big winner of the Round 2 deep water tender organized by the Mexican government, taking nine of the 19 blocks awarded in the public auction. The state-owned oil company Pemex was awarded four areas.

A total of 29 areas were offered, located in the oil provinces of Area Perdido, Cordilleras Mexicanas and Cuenca Salina, of which 19 areas were awarded -eleven of them to consortiums- and 10 were deserted, since no participant submitted an offer.

Shell won four blocks in conjunction with Qatar's state oil company Qatar Petrolum, plus another in consortium with Pemex, and another three on an individual basis.

The blocks awarded to the British-Dutch firm include the number 21, one of the most disputed of the day, located in Cuenca Salina, off the coast of the states of Veracruz and Tabasco. The company also won blocks in the Perdido area, near the U.S. border, where it already operates.

In addition, PC Carigaly, a subsidiary of Malaysian state-owned Petronas, was awarded five contract areas: three in a consortium - one with Spain's Repsol and Britain's Ophir Energy; another with Ophir and the Thai PPTEP; and another with Repsol, the Mexican Sierra and PTTEP- and two others individually.

As previously stated, Pemex won four blocks, one in partnership with Shell, another with the oil companies Chevron and Inpex, and two individually.

According to discoveries and geological models, in the Perdido area it is expected to obtain light crude oil, superlight crude oil, wet gas and dry gas.

On the other hand, the resources that are expected to be found in Cordilleras Mexicanas are light oil, wet gas and dry gas, while in Salina Basin it is expected to find light, superlight and heavy oil, as well as wet gas.

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