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Statoil, BP, Total win first block in Mexico Salina Basin auction

Dec 5, 2016

Mexico awarded a consortium of Statoil, BP and Total the first block tendered in the Gulf of Mexico’s Salina Basin in a historic deep water oil and gas auction on Monday.

Block 1 is a 919 square mile (2381.1 square kilometer) area which the energy ministry says contains some 1.852 billion barrels of oil equivalent (boe) in light and extra light crude. (Writing by Dave Graham)

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