Exxon, Hunt among companies approved to bid on drilling in Gulf of Mexico
“Shell, the European oil giant, and Brazil’s national oil company Petrobras, both of which had initially explored pursuing drilling rights in Mexico, ultimately decided to pull their applications…”
By JAMES OSBORNE: Staff Writer: Published: 26 May 2015
Exxon Mobil and Hunt Oil aren’t turning their backs on Mexico’s oil fields yet.
The North Texas-based oil companies were among 26 entities approved to bid on drilling rights in the shallow-water Gulf of Mexico off Veracruz, the Mexican government announced Monday.
Mexican President Enrique Peña Nieto announced in 2013 that the country was opening its oil and natural gas fields to foreign companies for the first time in almost 80 years to try to revive lagging production. But enthusiasm has waned since last summer, as low crude prices threaten drilling projects worldwide.
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