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MEXICO CITY, July 19 (Reuters) - Mexico's oil regulator approved auction terms on Tuesday for 15 shallow water areas in the Southern gulf of Mexico, set to be bid out in March of 2017 as part of a rolling series of auctions following a sweeping energy opening.
The first phase of the round will feature 30-year production sharing contracts, the regulator said, adding that winners would be announced on March 22, 2017.
Reporting by David Alire Garcia and Adriana Barrera