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Mexico aims for $44 billion in deepwater round

Monday, May 23, 2016

The government of Mexico is aiming to raise at least $44 billion in foreign direct investment via its inaugural sale of deepwater oil and gas exploration rights open to overseas bidders, despite the current turmoil in the oil market.

The country is poised to auction ten areas in Perdido near the US maritime boundary in the Gulf of Mexico and Cuenca Salina in the prospect’s southern fringes on 5 December.

Source: Forbes