3629675
Description
Mind Map by Jorge Padilla1807, updated more than 1 year ago
|
Created by Jorge Padilla1807
over 8 years ago
|
|
Successful Auction for Oil Drilling
Rights in Mexico Follows Weak Debut
- The Mexican government put five production
blocks up for bid and awarded contracts for
three, well above the average for similar
auctions in Latin America.
- Mexico has ended more than 75 years of a state
monopoly to invite in foreign investment in an attempt to
end a decade-long decline in oil production.
- With the blocks auctioned on Wednesday holding probable reserves,
production is expected to begin as early as 2020, according to Pablo
Medina, an analyst at Wood Mackenzie, an oil consultancy.
- Adding the right to explore for new oil as well as
pumping oil from the existing reserves
- His time around, the National Hydrocarbons
Commission in Mexico relaxed many of the rules and
gave companies two weeks’ advance notice on the
minimum price that it would accept
Media attachments
Want to create your own Mind Maps for free with GoConqr? Learn more.