Mexico Tenders Nine Shallow-Water Oil Fields Wall Street Journal MEXICO CITY—Mexico launched the second phase of an oil bid round Friday, tendering nine shallow-water fields that have proven and probable reserves of 355 million barrels and lie in an area of the Gulf of Mexico that already has heavy production by ... UPDATE 2-Mexico OKs 5 shallow water areas in Round One oil tender second leg Pemex losses grow amid low oil price |