Mexico awards 21 of 24 offered licences in ‘Round 2.3’

By Staff reporter 13 July 2017

Mexico’s government received a boost on Wednesday as it awarded 21 exploration and production licences out of a total of 24 onshore oil and gas blocks offered in an auction known as ‘Round 2.3’.

Seven of the 10 gas-rich blocks on offer were awarded. All but one of the 10 gas blocks were in the Burgos Basin in northeastern Mexico.

Mexico-based newcomer Jaguar Exploracion y Produccion de Hidrocarburos took stakes in over half the areas awarded, according to Reuters.

Mexico should receive around $2 billion in investment over...

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