LUKoil Overseas Netherlands BV is one of 26 applicants approved to participate in this tender, CNH revealed Monday. As many as 19 companies are competing for drilling rights as individual entities, including the LUKoil subsidiary. The remainder have set up consortia and will be performing in groups.
According to CNH, LUKoil Overseas is undertaking preparations to participate in an additional unspecified Mexican oil tender.
Foreign companies were allowed to take part in the tender following a December 2013 reform in Mexico's energy sector that put an end to state monopoly in the sphere.
LUKoil, a Russian-based company, is one of the global leaders in the production and refining of crude oil and gas resources. The world's largest privately owned oil and gas company, measured by proven oil reserves, LUKoil has operations in over 40 countries.
