SHALLOW WATER & FIELD DEVELOPMENT

After the muted results of shallow water Round 1.1, when just two of a total 14 blocks were awarded, the successful allocation of almost 70 percent of the shallow water blocks during Round 1.2 bolstered CNH’s status as an effective industry regulator and industry enabler. Investments from ENI, Pan American Energy, Fieldwood and PetroBal boosted the industry, as drilling has already begun on some of the awarded blocks. The oil and gas sector is waiting for the next shallow water round, which involves 15 blocks in Tampico, Veracruz and the Cuencas del Sureste, all located in the Gulf of Mexico.

The following chapter gathers the voices and opinions of relevant players from all sides of the industry to discuss the developments on the blocks from Round 1.1 and 1.2 and their perspectives regarding future shallow water rounds, as well as their meaning for the sector in Mexico.