Exploration & Production

Mexican oil and gas auctions delayed until new president takes office

Auctions for the 45 areas will be postponed until after Andres Manuel Lopez Obrador takes office.
By Staff reporter 19 July 2018 0 31816

Mexican oil and gas auctions originally scheduled for September and October will be postponed until mid-February 2019, Reuters has reported.

The delay means the auctions will be held be after President-elect Andrés Manuel López Obrador – who has pledged to scrutinise contracts for evidence of corruption – has taken office.

A total of 45 onshore areas, including both conventional and shale blocks, were scheduled to be auctioned on 27 September, while tenders to pick partners for state-run giant Pemex in seven other areas were to be...