China Offshore Oil Wins Two Mexico Perdido Blocks in Deep Water Auction

December 23, 2016Comments Off on China Offshore Oil Wins Two Mexico Perdido Blocks in Deep Water Auction

Published in Oil Industry News on Wednesday, 7 December 2016
Mexico awarded China Offshore Oil Corporation the fourth block tendered from the Gulf of Mexico’s Perdido Fold Belt off the U.S.­Mexico maritime border in a historic deep water oil and gas auction on Monday.

Block 4 is a 725 square mile (1,876.7 square km) area which the energy ministry says contains some 540.5 million barrels of oil equivalent (boe) in light and extra light crude.