The winners of acreage from the first three bidding rounds in Mexico last year are moving ahead on plans to develop oil from the country’s major energy reforms, with the first wells expected as early as fourth-quarter 2016, representatives of those companies said Tuesday. Two of the operators, Talos Energy and Roma Energy Holdings, are US headquartered. The third, Mexico’s PetroBal, was formed last year by minerals magnate Alberto Bailleres, president of conglomerate Grupo Bal which owns the world’s largest silver producer. PetroBal will drill its first well on its block, in Mexico’s Bay of Campeche, by year’s end with US partner Fieldwood Energy, Carlos Morales Gil, previously director general of E&P for Mexican state oil company Pemex, said at the Offshore Technology Conference. After that, “we will analyze the well results, maybe drill a few more wells in 2017, and propose a development plan,” Gil said, adding first […]