A consortium of energy concerns headquartered in Mexico, Brazil and Japan were expected to win the second tender to produce natural gas in Mexico’s Burgos Basin.

Petroleos Mexicanos (Pemex) said Thursday that the consortium of Brazil’s Petrobras, Japan’s Teikoku Oil Co. Ltd. and Mexico’s D&S Petroleum, were the sole bidders for the Cuervito block in the basin. The consortium’s bid is worth about $260 million, according to Pemex.

The Cuervito block, located in the northern Mexico state of Nuevo Leon, has a surface area of 89 square miles, and is one of the smallest blocks being develop under the tender.

Earlier this month, Pemex awarded the first block also to the sole bidder, Repsol-YPF SA, a Spanish-Brazilian energy concern (see Daily GPI, Oct. 16). Repsol bid to explore Reynosa-Monterrey, the first of seven blocks of gas reserves that Pemex is tendering to develop the Burgos Basin. Repsol, which bid $2.44 billion, is committing $170 million to its project over the next three years.

The next tender will be for the Mision block. Pemex will accept bid submissions for this block on Oct. 29 and expects to announce a winner on Oct. 30.

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