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Pemex and Ecopetrol win eighth block in Mexico shallow water auction
June 19, 2017 / 5:48 PM / in 4 months

Pemex and Ecopetrol win eighth block in Mexico shallow water auction

A worker looks at a crane moving a new coke drum to be collocated in a platform at the Mexico's state-owned company Pemex refinery in Tula, Hidalgo, Mexico April 18, 2017. REUTERS/Carlos Jasso

MEXICO CITY (Reuters) - A consortium of Mexican state oil firm Pemex and Colombia’s Ecopetrol made the winning bid for the eighth shallow water oil and gas block put up for auction on Monday, Mexico’s oil regulator said.

Block 8 lies off the southern Gulf coast state of Tabasco, and includes estimated prospective resources of up to 413 million barrels of oil over an area of 226 square miles (586 sq km).

Reporting by Adriana Barrera

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