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Tuesday, 20 June 2017 | MYT 7:00 AM

Malaysian Colombian JV wins block in Mexico shallow water oil auction

MEXICO CITY: A consortium of Malaysia's PC Carigali and Colombia's Ecopetrol made the winning bid for the sixth shallow water oil and gas block put up for auction on Monday, Mexico's oil regulator said.

Block 6 is off the Gulf coast state of Veracruz, and includes estimated prospective resources of up to 516 million barrels of oil covering an area of 216 square miles (559 sq km). - Reuters

Tags / Keywords: Oil & Gas , Commodities

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