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Each bid round for contracts has been oversubscribed.
The bid round failed to attract any international interest.
The failed Mariscal Sucre natural gas bid round represents a significant setback for PDVSA.
"We are considering offering these in a bid round sometime this year.
A bid round for exploration rights, which has already sparked interest from several big oil companies, closes in April.
And, he said, both companies could still drop their prices 10 to 15 percent in a final bid round.
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Baía, the political scientist, said the decree was a "political maneuver" and a desperate measure that would enable the government to get emergency financing from private lenders and avoid lengthy bid rounds.
Thus, this month's bid rounds oriented to eventually increase natural gas output in Mexico are beyond wishful thinking, they are a necessity.
This situation has quickly changed with new bid rounds and forced relinquishments creating an opportunity for new companies to come in.
The sale was concluded after a bidding round in which at least 80 firms competed.
The scheme was financed through the Housing Corporation's annual bidding round.
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