9/21/2018 – Reuters
MEXICO CITY, Sept 20 (Reuters) – Mexican state oil firm Pemex has reached a preliminary agreement with a consortium led by Talos Energy to evaluate whether the group’s find in the Gulf of Mexico extends into a neighboring Pemex block, the companies said in a statement on Thursday.
The deal, which covers territory in the shallow waters of the Gulf of Mexico, is the first of its kind for Pemex and will be in force for two years.
The Talos consortium, which includes Britain’s Premier Oil and Mexico’s Sierra Oil & Gas, won development rights for two blocks during the first oil auction launched by President Enrique Pena Nieto. Held in 2015, the auction marked the end of Pemex’s decades-long monopoly.