Mexico secured almost $100bn in investment in its most successful oil tender to date as Anglo-Dutch oil major Royal Dutch Shell positioned itself as the biggest player in deepwater exploration and new companies including Qatar Petroleum burst on to the scene.
Aldo Flores, hydrocarbons undersecretary, said the $93bn secured was 1.5 times the total investment in nine previous tenders since a landmark reform in 2013 that opened Mexico’s oil and gas sector to foreign investment for the first time in nearly 80 years.
hell, which is also the biggest foreign operator in Brazil’s deepwater sector, obtained a total of nine contracts — four solo, four in partnership with Qatar Petroleum, the world’s largest liquefied natural gas producer, and one in alliance with Pemex, Mexico’s state oil company.
Source: FT.com
