Portugal's Galp eyeing Mexican oil blocks, says in line with strategy

jueves 21 de mayo de 2015 13:00 GYT

LISBON May 21 (Reuters) - Portugal's oil company Galp Energia has been invited to bid in the next licensing round of shallow-water oil and gas blocks in Mexico, which the company sees as fitting its plan to build up its exploration portfolio.

Mexico is offering 14 concessions in July in the first instalment of the so-called Round One tender, which heralds the opening of Mexico's oil industry after an energy reform finalised last year and aims to lure $50 billion in investment.

The Mexican oil authority's website cited Galp among 34 companies short-listed for the opening phase.

A Galp spokesman said "Mexico is a country that clearly fits into our strategic goals".

He declined, however, to say whether the firm would actually bid in that phase and whether it plans to take part in the following phases, saying only that Galp studies all opportunities that match its strategy.

The second licensing phase of Round One will be held in September and the third - which has 26 onshore blocks - in December.

Galp, which is still primarily a refiner, holds minority stakes in various offshore oil finds in Brazil, including the giant Lula/Tupi area. It is also part of consortia working on five oil projects in Angola and on a major natural gas project in Mozambique. (Reporting By Shrikesh Laxmidas; Writing by Andrei Khalip; Editing by Elaine Hardcastle)