Mexico OKs First Shallow Water Offshore Contract

Mexico has approved the tender of 14 initial contracts for exploration and production of oil and gas in shallow waters, the National Hydrocarbons Commission said on Wednesday, December 10, 2014.
Following a energy overhaul finalized earlier this year that ended a 75-year state monopoly, the first set of exploration and production contracts on offer aim to attract capital and reverse a decade-long slide in crude production in Mexico. (Reporting by David Alire Garcia and Adriana Barrera)