MEI: Three scenarios exist for Mexico's MSC tender buyers

12/08/2003
There are three possible scenarios to explain why an oil company, such as ExxonMobil Corp. and Total SA, might buy a bid package yet ultimately not place an actual bid for the Multiple Service Contract tenders (MSCs) being offered by Mexico's national oil company Petroleos Mexicanos (see related story, this page).This is according to Mexico Energy Intelligence (MEI), a Houston-based trade publication published by Baker & Associates that covers energy markets and policy developments in Mexico.After having correctly predicted the results of two of the first three MSC tender offers 6-8 weeks before their announcements, George Baker, MEI principal, asks, "Two Pemex MSC tenders have no bid...
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