MX Oil has submitted of tenders for five blocks in Mexico’s first onshore bid round since re-opening its energy frontier to the global market.
There are total of 25 land contract areas in the states of Chiapas, Nuevo Leon, Tabasco, Tamaulipas and Veracruz currently up for grabs.
The awards are expected to announced later today.
MX Oil’s chief executive, Stefan Olivier, said: “Having completed due diligence together with our partner Geo Estratos we are excited to be submitting tenders for what we believe to be five highly prospective blocks in Mexico. With the results due to be announced later today in Mexico, we look forward to updating the market on the outcome of our submissions.”