Mexico Cancels Deepwater JV Tender Due To Lack Of Interest

Mexico’s oil regulator canceled on Thursday an auction slated for January 31 for a joint venture with state oil company Pemex in a deepwater area containing super light crude oil, because no company had expressed interest in the tender. The auction—this time a farm-out auction—is the second oil auction to fall flat of expectations this week, after yesterday, US officials announced disappointing results from its lease sale in Arctic Alaska. Mexico’s National Hydrocarbons Commission, CNH, was seeking a company that would be…
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