Rodent + 1,424 December 8, 2017 Arctic auction was a bust, now Mexico isn't getting any love either. https://www.reuters.com/article/us-mexico-oil/mexico-oil-regulator-cancels-deep-water-pemex-tie-up-auction-idUSKBN1E207E Quote Share this post Link to post Share on other sites
Kate Turlington + 44 KT December 8, 2017 Mexico's first round in July 2015 was also a bust ... big boys thought the fields were too small. What was the problem this time? Quote Share this post Link to post Share on other sites
Rodent + 1,424 December 8, 2017 If I had to guess (and I'm just guessing) ultra-deepwater prospects are just really pricey. Last month, Pemex's take was cut from 49% stake to 40% stake--presumably to heighten interest in the JV... but still, nada. Quote Share this post Link to post Share on other sites
Rodent + 1,424 December 8, 2017 Pemex apparently is blaming the unflattering results on Brazil's October auction, which catered to the same group of interested parties. Quote Share this post Link to post Share on other sites
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