Mexico's oil round 2.4 to generate investments worth $93 billion

Mexico (Notimex) - The awarding of 19 out of 29 deep water blocks during round 2.4 of Mexico's oil auctions on Wednesday will generate investments worth $93 billion, said Aldo Flores, Undersecretary of Hydrocarbons.

Flores added that the 19 blocks will produce approximately 1.5 million barrels per day, double that of Mexico's current figures.

The companies that won the 19 blocks are from the Netherlands, Malaysia, Qatar, U.S., UK, Italy, Japan, Thailand, Spain and Mexico.

Shell won the most blocks, with nine, followed by Petronas, with six and Qatar with five.

Photo: Public Domain (CC0)

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