Exxon, Chevron to bid in auc­tions

China Daily (USA) - - BUSINESS -

Chevron Corp has joined forces with Pet role os Mex­i­can os and Ja­pan’ s In­pex Corp to bid next week for the right to ex­plore for oil and nat­u­ral gas, the first time the state-owned op­er­a­tor will part­ner with pri­vate com­pa­nies to de­velop crude in the Gulf of Mex­ico. Seven groups and eight in­di­vid­ual bid­ders have been qual­i­fied to par­tic­i­pate in the Dec 5 auc­tions that in­clude the Trion field joint-ven­ture with Pe­mex and other 10 deep­wa­ter blocks, Mex­ico’s Na­tional Hy­dro­car­bons Com­mis­sion an­nounced in Mex­ico City on Mon­day.

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