Mexico’s deepest offshore oil still draws interest

04/19/2016 FuelFix 

energy - oil_rigHOUSTON — Mexico’s upcoming deepwater oil and gas tender is drawing significant interest even at $40 oil, a panel of experts said Tuesday in Houston.

Twenty-one companies have asked to access to data on the fields that may be auctioned and are vetting the deep-water fields, according Mexican regulators. The list includes some of the biggest names in the business, such as Exxon Mobil Corp., BP plc and Chevron Corp.

“Deepwater is the big prize,” Pablo Medina, an analyst at Wood Mackenzie, told an audience at the FT Energy Infrastructure Forum. Many see the fields as a long-term investment in one of the lowest risk deep-water drilling sites that remains unexplored.

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