Mexico onshore round gets under way

Source: Upstream

By Kathrine Schmidt in Mexico City

Mexican regulators are in the process of registering bidders for its first onshore bid round since energy reforms, the third phase of the country’s inaugural Round 1 bid offering.
So far 35 companies – and counting – have submitted bid envelopes on 25 blocks in the north, central and southern regions of the country.

A total of 51 bidders pre-qualified for the round, 33 individuals and 18 consortia. A total of 80 companies were represented, of which 53 are from Mexico, in an event designed to help build the country’s domestic oil industry.

The event may be watched via livestream here.

The country is amid its initial process of bringing in private companies to its oil and gas sector after passing reforms last year to end the monopoly of state oil company Pemex.

Offshore phases were held in July and September with four total blocks awarded and a deep-water event is due next year.

Reading of bids and awarding of contracts is due to start at noon local time.

Many of the bidders are experienced service companies who have worked for Pemex for years and are now keen to make their own mark on the E&P sector.

Others are start-ups with roots ranging from Canada to Colombia to Australia that are keen to explore the potential of the country.

The mature fields have possible reserves ranging from .1 to 15.9 million barrels of oil equivalent.

You can find Upstream’s guide to the panoply of bidders here.

1. Grupo Vordcab
2. Generadora y Abastecedora de Energea ie Mexico
3. Diavaz Offshore
4. Citla Energy
5. Geopark Limited
6. Gran Tierra
7. Sun God Energia
8. Geo Estratos
9. Perseus
10. Sarreal
11. Petrobal
12. Torenco Energy
13. Lifting Mx
14. Cheiron
15. Manufacturero Mx
16. Sistemas Integrales
17. Carso Oil & Gas
18. Petroleum Incremental1
9. Jaguar E&P
20. Controladora Infraestructura
21. Tonalli Energia
22. Grupo Diarqco
23. Grupo Tabasco
24. Roma Energy
25. GPA Energy
26. Renaissance Oil
27. Steel Serv
28. Industriales Globales
29. T5 Enermusa
30. Strata Campos
31. Grupo R
32. Tecpetrol
33. Sanchez-Olium
34. Iberamericano
35. Servicios PJP4