Mexico’s deepwater bid round winners revealed

Mexico’s first deepwater bid round
(Courtesy Statoil)

Offshore staff

PARIS and TOKYO – More companies have issued details of their successful bids under Mexico’s first deepwater bid round.

Total will operate block 2 in the Perdido basin with a 50% interest, the remainder held by ExxonMobil. The block covers an area of 2,977 sq km (1,149 sq mi) in water depths ranging from 2,300-3,600 m (7,546-11,811 ft).

In the Salina basin, Total, Statoil, and BP are equal partners (33.4%) in block 1, covering 2,381 sq km (1,093 sq mi), and block 3, covering 3,287 sq km (1,269 sq mi).

The winning bids for both blocks consisted of an additional royalty of 10% (on potential future revenues) and an additional work program equivalent to one biddable well per block. Each block also has a minimum work program as defined by the authorities, including a variety of geological activities but no required wells.  

INPEX, PEMEX, and Chevron were assigned equal shares in block 3 in the Perdido Fold Belt in northern Mexican sector of Gulf of Mexico, with Chevron designated operator.

Block 3 covers 1,687 sq km (651 sq mi) in water depths of 500-1,700 m (1,640-5,577 ft).

The concession is in an area where new hydrocarbon discoveries are expected, close to the PEMEX-discovered Trion oil field and other producing fields on the US side.


Block 3 in the Perdido Fold Belt in the Mexican sector of the northern Gulf of Mexico INPEX
Location of block 3 in the Perdido Fold Belt in the Mexican sector of the northern Gulf of Mexico. (Courtesy INPEX)

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...