The round will open on 5 December, the National Hydrocarbons Commission (CNH) oil regulator said on Friday.

The country's president, Enrique Pena Nieto, told CeraWeek attendees in Houston on Monday that the administration would proceed with the event.

The decision to proceed despite widespread oil industry pain was due to high levels of interest from top global players in both data room activity and a plethora of ongoing seismic collection, CNH commissioners said.

"These