In what may be Mexico’s last oil auction amid a possible presidential election shakeup, the Mexican authorities on Tuesday auctioned off 35 oil and gas areas, awarding its first blocks in the Burgos basin, but overall interest was muted. Fourteen major international companies had been pre-qualified to participate in the auction—including Eni, Pemex, Petronas, Repsol, Shell and Total. A total of 22 consortia had also qualified to bid. Reuters reported that the first blocks awarded went to Repsol and Premier Oil in the Burgos basin. Areas in two other basins–Tampico-Misantla-Veracruz and Cuencas del Sureste—were also on the auction block, but the first sparked only mild interest, and the results of the second were still unknown. Repsol won two blocks with 400 million boe of combined prospective light oil and wet gas resources. Premier Oil also won two blocks with 190 million boe of combined prospective resources. This auction is […]