Mexico’s Finance Ministry announced on Sept. 6 the minimum value of additional royalties for companies participating in a deepwater oil tender, one of the most highly anticipated auctions since the opening of the local oil industry.
The ministry set the minimum value of additional royalties at 3.1% for contractual blocks one through four, and at 1.9% for blocks five through 10.
Ten license agreements for the exploration and extraction of hydrocarbons in the oil-rich areas of Cinturon Plegado de Perdido and the Salina Basin will be offered in the so-called Round 1.4 tender in December.
—Reuters
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