Busting When Everyone Else Is Booming Mexico is about to undergo its first subsea land rush. International energy producers that sat out Mexico’s historic oilfield auction this week will be among the fiercest competitors for potentially massive deepwater prospects that go up for sale as soon as next month, said Ivan Cima, Wood Mackenzie Ltd.’s head of Latin American upstream research. Unlike Wednesday’s government auction, which involved 14 close-to-shore fields holding at most a few hundred million barrels of crude each, the tranche of prospects Mexico is expected to offer in August includes more promising geologic structures, Cima said in an interview on Thursday. The blocks are near the line that divides U.S. and Mexican waters of the Gulf of Mexico and close to some of the most significant discoveries of the past 15 years on the U.S. side, Cima said. “Those are capital-intensive projects that are certainly geared […]