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Eni Leads Big Oil's Grab of Shallow-Water Prospects Off Mexico

  • Two-thirds of areas in Gulf of Mexico tender were awarded
  • Auction exceeded expectations of Mexico’s energy ministry
Updated on

Eni SpA was the biggest winner in Mexico’s latest auction of shallow-water oil prospects.

The Italian oil giant took three of the 10 areas awarded on Monday, the national hydrocarbons commission said during an event in Mexico City on Monday. The tender, Mexico’s fifth since it ended a state monopoly in 2014, garnered winning bids from Royal Dutch Shell Plc, France’s Total SA, Spain’s Repsol SA and Petroleos Mexicanos.