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MX Oil qualifies for onshore Mexico bid


Published Dec 3, 2015
MX Oil plc

MX Oil plc has been notified by the National Hydrocarbons Commission ('CNH') that the Company, together with its partner Geo Estratos ('Geo'), has pre-qualified to participate in the third phase of the Bid Round 1 Licensing round for onshore conventional concessions in the re-opening Mexican energy sector.

In this third phase, a total of 25 Land Contract Areas in the states of Chiapas, Nuevo Leon, Tabasco, Tamaulipas and Veracruz will be awarded to companies that satisfy the pre-qualification requirements and win the subsequent tender process. MX Oil has completed its due diligence on Land Contract Areas of interest and, along with Geo, intends to bid for multiple concessions in the upcoming tender. Concessions are expected to be awarded on 15 December 2015.

Tags: MX Oil plc




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