Mexican energy secretary announces auction for oil blocks

The Mexican Energy Secretariat (SENER) announced on 14 November 2016 it plans to generate an investment of US$1 billion through an offering of fourteen licensing agreements for the exploration and extraction of hydrocarbons (Forbes Mexico). The third auction of Ronda 2, which is set to be decided on 12 July 2017, will feature 25 fields and areas up for bidding, organized under 14 blocks. The National Hydrocarbons Commission (CNH) indicated that four of the blocks in the Burgos Basin only contain gas, while the remaining blocks in Tampico-Misantla basin along with others in Veracruz and Cuencas del Sureste contained both gas and oil (La Jornada and Forbes Mexico).