Mexico's oil regulator voted on Thursday to improve the terms for its first-ever deepwater auction in December, giving energy companies and investors more flexibility to structure their bids as oil prices have slumped over the past two years.
In a meeting that was webcast, commissioners of the regulator known as the CNH voted unanimously to allow companies not involved in the day-to-day operations of a deepwater oil field to hold a larger stake than the project operator.
The previous rule required that the operator hold the largest stake.
The CNH is set to auction 10 potentially . . .
Already a Subscriber? Login Here
