Mexico Oil Reformers Get Reality Check From Auction Results

Law360, New York (July 16, 2015, 7:44 PM EDT) -- The disappointing results of Mexico's first-ever oil auction Wednesday highlight the difficulties the country faces in coaxing energy companies to invest in its newly denationalized oil sector and the government might have to offer friendlier terms to convince skeptical firms to dive in, experts say.

The Mexican government offered up 14 shallow-water oil blocks in the Gulf of Mexico to outside companies in the first round of bidding since 2013's landmark energy reforms ended 75 years of state control of the oil and gas sector. But...
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