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Project

EXPLORATION AND EXTRACTION OF HYDROCARBONS IN LAND AREAS RELATED TO THE MIGRATION WITH PARTNER "MISIÓN" (BURGOS), IN THE STATES OF NUEVO LEoN AND TAMAULIPAS.

Sector: Hydrocarbons


Last Revision

January 09, 2025
 
Short Name of the Project:
0950 CNH: Pemex Migration with Partner: Mision, Burgos
Type of Investment:
Brownfield
Subsector:
Upstream
Asset (s):
 Oil Field 1,692.75 Km2-Gas 
Contract Currency:
US Dollars
Estimated Investment MXN:

10,951,942,391

Estimated Investment USD:

591,996,886

Exchange rate (USD/MXN) used by the Ministry of Finance for the economic plan 2025: $ 18.5
Contract Scope:
  Exploration,  Extraction
DISPLAY ALL

DESCRIPTION
Production sharing contract CNH-M3-MISIÓN/2018 for the exploration and extraction of hydrocarbons in land areas, covering an area of 1,692.75 km2 in the Burgos oil province for the exploration and extraction of gas.

On Dec. 19, 2014, Pemex and Servicios Múltiples Burgos requested the Ministry of Energy to migrate Assignment A-0398-Misión (now AE-0398-M-Misión) in accordance with the procedure established in the Hydrocarbons Law, with the aim of entering into a new contract under the Production Sharing modality. On Feb. 22, 2018, the National Hydrocarbons Commission (CNH) acknowledged the future signing of the Contract for the Extraction and Exploration of Hydrocarbons under the Production Sharing modality corresponding to the migration of Assignment A-0398-Misión (now AE-0398-M-Misión).

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Public / Private
Type of Contract
  Shared Production
Term
25 years
Selection Process
– NA –
Financing Sources
Private
100 %
MXN
10,951,942,391
USD
591,996,886
Payment Source
Project revenues
The income will come from the commercialization of hydrocarbons.

STATUS
Stage
  Operation
Substage
  > 5 years of operation
RELEVANT DATES
Contract Signing March 02, 2018
Execution/Construction Starting Date March 02, 2018
Operation Starting Date March 02, 2018
Term of the Contract March 02, 2043
Contractor
Pemex Exploración y Producción, y Servicios Múltiples de Burgos  
Major Contractor’s Shareholders
Empresa Productiva del Estado Mexicano, Tecpetrol de México, Burgos Oil Services, e Industrial Perforadora de Campeche

GEOLOCATION
State(s)
Nuevo Leon, Tamaulipas   

SPONSOR
Responsive image
Entity
Comisión Nacional de Hidrocarburos
Department
Dirección General de Contratación para la Exploración y Extracción
E-mail
contacto@cnh.gob.mx
WebsiteInstitutional Arrangement

ADDITIONAL INFORMATION
Responsive image
Source
National Hydrocarbons Information Center
Description
It is in charge of promoting and sharing the knowledge of the subsoil to foment the activities of exploration and extraction of hydrocarbons.
Hidrocarbons map
 Investments
 Additional information
Responsive image
Source
Comisión Nacional de Hidrocarburos
Description
Regulatory entity with technical autonomy, responsible for the organization of tenders, and execution of contracts related to the exploration and extraction of hydrocarbons.
Project Website
 Signed Contract
 Partial resignation

MULTIMEDIA

REMARKS
The estimated investment amount refers to approved investments, which are those that operators estimate they will carry out in the various plans, as applicable (exploration, evaluation, and/or development).

The considerations for the State are:
1. Royalties.
2. 35% of the operating profit for the month in question.
3. The contractual fee for the exploratory phase.
There are two possible extensions to the contract term, subject to the contractor being up to date with their obligations; the additional terms may last up to 5 years or until the economic limit of the development areas is reached.
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