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Mexico to offer first shale blocks in September auction

Friday, March 2, 2018


Mexico will auction development rights to shale blocks in September, marking the first time the country has offered private oil companies the chance to develop the resource, which has been booming in the United States for years.

Mexico’s oil regulator on Thursday launched a call for bids for its first shale tender including nine contractual areas that will be awarded on Sept. 5.

Source: Reuters