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Pre-Qualification Criteria met

Pre-Qualification Criteria met

Grupo R Petroleo y Gas is pleased to announce that it met (through its affiliate Grupo R Exploracion y Producion in consortium with Constructora y Arrendadora Mexico) the required pre-qualification criteria to participate in the third phase of the Bid Round 1 licensing process in Mexico for onshore hydrocarbon extraction contracts.

Twenty five onshore blocks are available nationwide which include five in the southern state of Chiapas, five in Tabasco in the south, six in the eastern state of Veracruz, seven in the northern state of Nuevo Leon, and two in Tamaulipas in the north.

All fields contain existing oil & gas discoveries, with estimated total original petroleum in place of over 2.3 billion boe.

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