The Mexican government has published the final rules and the model contract for bidding in Round One of the oil industry auction.
The date for presenting offers is July 15, the Finance and Public Credit Secretariat, the Energy Secretariat and the National Hydrocarbons Commission, or CNH, said in a joint statement.
The bids in this phase will cover exploration and production in shallow waters.
The initial rules and model contract were published on Dec. 11, the agencies said.
The first phase of Round One includes 14 shallow-water exploration blocks in a 4,222-sq.-kilometer (1,630-sq.-mile) area off the coasts of the southeastern states of Veracruz, Tabasco and Campeche.
"Over the course of these months, adjustments were made to the guidelines and the model contract in an effort to achieve better conditions for the Mexican state and, at the same time, offer more competitive arrangements for the domestic and international actors interested in participating in this first round of bidding," the agencies said.
A Web site - http://ronda1.gob.mx - provides detailed information about the auction, the statement said.