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Italy’s Eni scores big in latest Mexico oil tender

Tuesday, June 20, 2017

Italian oil major Eni is the day’s big winner of Mexico’s latest oil tender round that awarded 10 out of 15 shallow-water blocks in the Gulf of Mexico, in the latest opening since a landmark reform in 2013 paved the way for private investment in the sector.

In March, Eni announced a “significant” oil discovery at a block it won in a tender in 2015. On Monday, the company won one block in its own right after beating out four other bidders. It also scored two other blocks, one in a consortium with Capricorn, a unit of UK oil group Cairn Energy, and Mexican company Citla, and the other in consortium just with Citla.

Source: Financial Times