Vista Oil & Gas announced through its official website the conclusion of its first ever Initial Public Offering (IPO) in the Mexican Stock Exchange, to the amount of US$5.8 billion. The IPO is meant to triple the company’s current market share value in the next five years.
PEMEX is looking for private partners for its Nobilis-Maximino farmout to strengthen its operative, financial and technological capacities as established in its 2017-2021 business plan. The call for entries in the international public bidding round for this deepwater block was published in CNH’s website. The block is estimated to have 500 mmboe.
CNH celebrated the contract signing for all allocated blocks of round 2.1: Tampico Misantla’s Block 2 for DEA Deutsche Erdoel in consortium with PEMEX, as well as blocks 6 to 12, 14 and 15 of the Southeastern watershed for consortiums including PC Carigali-Ecopetrol, ENI-Capricorn-Cilta Energy, PEMEX-Ecopetrol, Capricorn-Citla, Repsol-Sierra Perote and ENI-Citla-Lukoil.
According to a Reuters report, Brazilian NOC Petrobras sold US$2 billion in seven to 10 yearlong securities to replace more expensive, shorter-dated bonds to address its cumulated debt.