VOICED : Mexico adjudica dos campos petroleros de 14

Mexico's first oil field auction in nearly 80 years resulted in only two of 14 fields being awarded, falling short of government expectations. Major companies like Exxon Mobil and Chevron opted out, leaving a local-led consortium to win the contracts. Of the 18 individual firms and 7 consortia eligible, only 9 submitted bids, none meeting the government's minimum requirements. Unawarded blocks will be retained by the state for future auctions. Companies must show financial guarantees within 48 hours, and contracts must be signed by August 21. This auction is the first of five in Mexico's energy reform, with future rounds offering deep-water and unconventional field opportunities.

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