Mexico’s latest energy auction confirms significant international interest in domestic market

Last week's auction of deepwater oil blocks as part of Mexico’ energy reform process was well received by the international market, confirming government’s momentum since 2013 to break State-owned oil firm Pemex’s then 76-year monopoly on the oil sector. On December 5, Mexico’s government awarded exploration rights for eight out of ten deepwater blocks in the Gulf of Mexico to international oil companies in the fourth auction in which private investors could bid on oil and gas acreage in Mexico.