Exxon, Chevron set to bid in Mexico's Deepwater oil auctions
Seven groups and eight individual companies will bid next week for the right to explore for oil and natural gas. It is the first time the state-owned operator Petroleos Mexicanos will partner with private companies to develop crude in the Gulf of Mexico.
BY ADAM WILLIAMS AND AMY STILLMAN, BLOOMBERG
Chevron Corp. has joined forces with Petroleos Mexicanos and Japan's Inpex Corp. to bid next week for the right to explore for oil and natural gas, the first time the state-owned operator will partner with private companies to develop crude in the Gulf of Mexico.
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