Mexico Approves Offshore Bid Guidelines in Oil Opening
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Mexico authorized preliminary bidding rules for new offshore blocks as the country prepares for an investment deluge in its recently opened oil industry.
Oil regulator CNH approved rules today for 14 shallow-water exploratory blocks that will be auctioned to private companies by the end of July, according to a live feed of the meeting. In a separate vote, the agency also approved production-sharing contracts for the winners.