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...