Mexico to reveal next set of oil tenders between March-April | Reuters

Mexico will publish between March and April the new number of fields of shale and other more expensive oil and gas deposits to be tendered under an energy reform finalized last year, the National Hydrocarbons Commission (NHC) said on Monday.

The government has for weeks signaled the need to scale back some costlier fields amid a sharp drop in oil prices.

“A redefinition is required, looking at the reality of the markets,” NHC President Juan Carlos Zepeda told reporters.

The likely reduced number of blocks for the exploration and production of shale and other more expensive oil and gas deposits, including parts of the Chicontepec basin, will be published between March and April, he said.

via Mexico to reveal next set of oil tenders between March-April | Reuters.

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