Pemex farm-out auction to continue: report
Mexico The head of the National Hydrocarbons Commission’s exploration contracts unit, Martin Alvarez, spoke to Reuters at an energy conference in Mexico City, saying the auction was expected to move forward.
Last week, President López Obrador said the NOC would not engage in any new farm-out partnerships for the time being, to allow existing projects time to start production.
The October auction will include 27 fields divided into seven onshore clusters, together containing an estimated 405 million boe of 3P reserves.
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