Suspense is building in the first phase of Mexico’s Round 1 bid offering amid fears over low oil prices and remaining divisions over key contractual provisions.

Mexico’s National Hydrocarbons Commission (CNH) was expected to release final terms on 29 May for 14 shallow-water explor­ation blocks and is set to open bids on 15 July, with regulators confident as a second round of industry comment draws to a close.

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