Mexico gives green light to Russia’s rosneft

Russian energy companies Rosneft and Lukoil will bid on contracts to develop shallow-water oil fields in the Gulf of Mexico, according to the Mexican authority.

A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016

Subsidiaries of Russia’s Rosneft and Lukoil energy majors have been allowed to bid on contracts to develop shallow-water oil fields in the Gulf of Mexico, the nation’s hydrocarbons authority said.

Sputnik obtained a statement by Mexico’s National Hydrocarbons Commission (CNH) that said LLC RN-Shelf South and LUKOIL International Upstream Holding had been cleared for the first tender in the second round of bidding.

Mexico is tendering 15 oil exploration blocks in the oil-rich areas of Tampico-Misantla, Veracruz and Cuenca del Sureste that have probable reserves of almost 1.6 billion barrels.

Twenty-six companies will bid on the contracts, 20 of them individually and the rest as consortia, including Chevron, ENI, Pemex, Repsol, Shell, and Total.

(SPUTNIK)