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Monday, 26 June 2017

Oil joke Mexico set for last laugh after exploration bids | The National

Oil joke Mexico set for last laugh after exploration bids | The National:

"An Italian, a Colombian and a Russian walked into Mexico last week – part of the transformation of a country that had long been something of an oil industry joke. Mexico’s latest bid round for shallow-water oil exploration was highly successful – promising more production, and demonstrating the virtues of openness to international investment. The Italian national champion, Eni, won a block in 2015’s "Round One", and has already enjoyed success, finding light oil in March in the shallow waters of the Bay of Campeche, in the south-east. This was the first private discovery in the country for 75 years."



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