Mexico to defer some shale, deepwater blocks auction

Mexico could defer the auction of some high-cost shale and deepwater acreage as a result of falling oil prices, senior officials said today.They said Mexico had been “quite ambitious” on shale blocks before prices starting tanking in mid-2014, making adjustments very likely.Shale and deepwater blocks are scheduled to be offered around March-April 2015 under a staggered first licensing round that got underway yesterday with 14 shallow water exploration blocks. Bids are due on 15 July.The application process to access the data room for the shallow water blocks will begin on 15 December, and the data room will open on 15 January.

via News – Argus Media.

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