Mexico will hold the third auction on oil and gas sites

© RIA Novosti / Maxim to Bogodeeva in fotosannette conventional pumping unit. Archival photoMexico will hold the third auction on oil and gas sites© RIA Novosti / Maxim to Bogodeeva the image Bank

Mexico, on 25 July, will hold the third in this year’s offshore bidding sites, this time on land, according to the materials of the national Commission on hydrocarbons of the country.

We are talking about 37 licensing contracts for the right of exploration and exploitation of hydrocarbons in the States of Nuevo Leon, Tamaulipas, Veracruz and Tabasco. The overall plot area is 9.5 million square kilometers, while production is only one. Contracts will be concluded for the term up to 40 years.

As reported the Minister of energy of Mexico Pedro Joaquin Caldwell, investments in these areas may be 3.3 billion dollars.

As reported in the January tender areas on deep water in the Gulf of Mexico, in March — in sites, located at shallow depth. The authorities also studying the possibility of bidding for parts of shale hydrocarbons.

Thanks to the reform of the energy industry, going to Mexico from the end of 2013, for the first time after almost 80 years of monopoly state-owned company Pemex in the energy sector were made private, including foreign, investment. The reform of Pemex and CFE (national grid) acquired the right to enter into contracts with private companies.

Currently, Mexico holds 7 trades on oil sites, signing a number of contracts with various companies, among them — the Russian «LUKOIL».