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Opportunity strikes for International Frontier Resources: Canadian E&P wins bid at auction in Mexico
After 77 years, the Mexican government held its auction for oil and gas rights in July of last year. The first auction since Mexico’s decision to loosen the grip of the state-run monopoly held by national oil giant PEMEX saw just two of fourteen shallow-water blocks sold, but the tides soon turned.  Mexico’s subsequent deep-water auction garnered much more attention, and the third auction – the only onshore auction last year – saw bids for ...

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