Exploration & Production

Mexico to offer 70 shale blocks in December – source

Mexican authorities are gearing up to offer around 70 blocks in the country’s inaugural shale round. It is an ambitious plan, say experts Mexican authorities are gearing up to offer around 70 blocks in the country’s inaugural shale round. It is an ambitious plan, say experts.
By Chris Noon 16 June 2017 0 26396
The launch of the third bidding session for Round 2 last year. The fourth session is expected in December. (Sener)

Mexico is seeking to kickstart shale oil and gas production by offering around 70 block with unconventional potential as part of its Round 2.4 in December 2017, Interfax Natural Gas Daily has learned. Some of the blocks will be located in Tampico-Misantla, which has been described as a ‘super basin’. 

The 70 blocks will be prospective for both shale oil and gas, and will be located mainly in the country’s Tampico-Misantla and Veracruz basins, as well as in the state of Nuevo León,...