En Español

Very usefull links


News links




Dow Jones

Oil price



Views and News






No bidders in Pemex farmout for Mexico's Ayin-Batsil offshore oil field




By Reuters Staff

Petroleumworld 10 05 2017

There were no bidders in an auction to partner with Mexican national oil company Pemex on its offshore Ayin-Batsil project, the industry regulator said on Wednesday, in a setback for the opening of the country's energy sector to private capital.

Industry analysts had seen Ayin-Batsil as the most attractive of the three areas on the block on Wednesday. The results of the other two blocks are due to be announced later.

The auction is only the second offering of a joint venture between Pemex and equity partners since a sweeping energy opening finalized in 2014 ended the company's decades-long monopoly and allowed it to jointly develop projects with private and foreign oil companies.

Ayin-Batsil is a 423 square mile (1,096 sq km) mostly heavy oil field in shallow waters along the southern edge of the Gulf of Mexico and believed to contain 359 million barrels of oil equivalent (boe) in proven, probable and possible reserves

Reporting by David Alire Garcia; Editing by Frank Jack Daniel from Reuters.

reuters.com 10 04 2017

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels


Nov 13-14 ;
Mexico City, Mexico










Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld   / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.