Mexico - 04

Mexico: Optimism for Round 2.2, but Challenges on the Ground Loom

The Mexican government is very optimistic about Round 2.2, which will be held on 12 July, following the splendid results for offshore blocks in Round 2.1 (please see our 23 June Latest Analysis). On 5 July the National Hydrocarbons Commission (CNH) announced that nine companies qualified for the 10 blocks on tender. However, these onshore blocks include some areas that are likely to pose considerable challenges for investors.

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