Mexico is the hottest country to invite bids for 9

2022-08-04
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Mexico invites bids for nine shallow water oilfields according to Sinopec, Mexico started the second phase of the oil block bidding on Friday, and will invite bids for nine shallow water oilfields, which are generally equipped with universal material testing machines and tensile testing machines. The proven and possible oil and gas reserves of these nine shallow water oilfields have reached 355million barrels, It is mainly located in the Gulf of Mexico where Mexico oil has been largely exploited

the nine oil fields for bidding are bound to five contracts, and there is no limit on the number of bids for any company or consortium. According to Mexican energy officials, the production cost of nearby oil fields is less than $20/barrel, which makes the bidding of these oil fields still attractive in the current environment of low oil prices

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