By Michael Dyer / IHS Markit
On 2 March 2017 the Secretaria de Energia (SENER) announced significant changes to its Plan Quinquinal for bid rounds to be held in the future including Ronda 2.4 for Deep Water and Unconventional blocks and Ronda 3.1 and Ronda 3.2. The most significant changes include moving to only two bid rounds per year starting in 2018, nominations of blocks, and standard block sizes. The Deep Water blocks are now approximately 1,000 sq km, shelf blocks are 400 sq km, onshore unconventional are 300 sq km, and onshore conventional are 200 sq km. SENER also implemented a block nominations period of three months prior to the subsequent bid round launch.