Perdido

National Hydrocarbons Commission Launches Mexico’s Second Deepwater Oil, NatGas Farmout in Perdido Fold Belt

National Hydrocarbons Commission Launches Mexico’s Second Deepwater Oil, NatGas Farmout in Perdido Fold Belt

Mexico’s National Hydrocarbons Commission (CNH) has announced the start of the second deepwater farmout auction since energy reforms allowed the country’s national oil company to form partnerships with private and foreign players.

September 19, 2017

BHP Captures Deepwater Prize in Mexico’s Auction With $624M Bid

Australia’s BHP Billiton on Monday was named the first deepwater partner ever for Mexico’s state-owned Petroleos Mexicanos (Pemex), winning the right to jointly explore two blocks in the prolific Perdido Fold Belt. Mexico also awarded the rights to explore other Perdido and Salina del Istmo Basin blocks, which all together may hold total reserves of 10.6 billion boe.

December 5, 2016