Mexico’s onshore oil and gas bidding round beat initial expectations as the nation’s government seeks to grow the diversity of players in Mexico’s oil and gas industry. Mexico’s onshore oil and gas bidding round beat initial expectations , with participating companies taking all of the available 25 contract areas of mature onshore fields. The onshore tender, the third of three bidding rounds held in 2015, would have been considered successful if 20 percent of the areas had been awarded, law firm Akin Gump Strauss Hauer & Feld LLP quoted Energy Minister Pedro Joaquin Coldwell as saying. But appetite seen for the blocks was high, with many companies offering bids with surprising royalties, said Alfredo Alvarez, Mexico Oil & Gas Leader at Ernst & Young (EY), in a statement to Rigzone. Designed to encourage more Mexican oil and gas companies and a greater diversity of players to enter Mexico’s oil […]