Shell wins nine exploration blocks in Mexico deepwater bid

Shell wins nine exploration blocks in Mexico deepwater bid

9:50 AM, 1st February 2018
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MEXICO CITY, US: Shell Exploracion y Extraccion de Mexico SA de CV (Shell) has won four exploration blocks on its own, one with its partner Pemex Exploracion y Produccion and four with its partner Qatar Petroleum International Limited, in a deepwater bid round for the Mexican Gulf of Mexico.

Shell will be the operator of all nine blocks.

Shell celebrates 40-years of deep-water operations in US Gulf of Mexico, where it pioneered deep-water exploration and production. Worldwide, Shell deep-water production is progressing to greater than 900-thousand barrels of oil equivalent per day by 2020, from already discovered, established areas in US Gulf of Mexico, Brazil, Nigeria, and Malaysia.

"We commend Mexico on a historical, successful bid round; for Shell, today's win marks a competitive, deep-water entry in Mexico. The proximity and technical similarity of this opportunity to our leading position in US Gulf of Mexico will allow us to benefit from and build upon decades of experience, complementing our position in the region," said Andy Brown, upstream director, Shell.

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