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Project

EXTRACTION OF HYDROCARBONS IN SHALLOW WATERS OF THE GULF OF MEXICO CORRESPONDING TO ROUND 1, TENDER 2, AREA 2 (SOUTHEAST MARINE BASINS).

Sector: Hydrocarbons


Last Revision

July 01, 2024
Round:
Round 1, Tender 2, “Shallow Waters”
Short Name of the Project:
0460 Round 1, Tender 2: Area 2, Hokchi
Type of Investment:
Brownfield
Subsector:
Upstream
Asset (s):
 Oil Field 39.60 Km2-Oil & Gas 
Contract Currency:
US Dollars
Estimated Investment MXN:

46,642,625,856

Estimated Investment USD:

2,727,638,939

Exchange rate (USD/MXN) used by the Ministry of Finance for the economic plan 2024: $ 17.1
Contract Scope:
  Extraction
DISPLAY ALL

DESCRIPTION
Joint production contract CNH-R01-L02-A2/2015 for the extraction of hydrocarbons in shallow waters of the Gulf of Mexico, in the "Southeast Basins" oil province. This area covers 39.6 km2, and includes the field: Hokchi, for the extraction of oil and gas.

Main Features:
- Age (s) of play: Tertiary
- Lithology (s): Sand
- Type of Hydrocarbons: Oil and gas
Included in a listed vehicle
AINDACK

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Public / Private
Type of Contract
  Shared Production
Term
25 years
Selection Process
International Open Tender
Details
Financing Sources
Private
100 %
MXN
46,642,625,856
USD
2,727,638,939
Payment Source
Project revenues
Revenues will come from the commercialization of hydrocarbons.

STATUS
Stage
  Operation
Substage
  > 5 years of operation
RELEVANT DATES
Request for proposals/Announcement February 27, 2015
Proposals Reception September 30, 2015
Ruling October 09, 2015
Contract Signing January 07, 2016
Execution/Construction Starting Date January 07, 2016
Operation Starting Date April 2017
Term of the Contract January 07, 2041
Contractor
Hokchi Energy, Sierra Coronado E&P, AEI Hidrocarburos, Sierra Blanca P&D, Sierra Perote E&P, Sierra Offshore Exploration  
Major Contractor’s Shareholders
Hokchi Ibérica, Baplor, Pan American Energy LLC, Coronado Energía, Sierra Offshore Exploration, DEA Nederland, AEI Infraestructura I, Banco Invex, Perote Energía, Sierra Blanca Energía, Xitla Energía

GEOLOCATION
State(s)
Shallow waters of the Gulf of Mexico   
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Go to GIS for this project

Entity in charge of controlling the possession of communal land, as well as providing documentary legal security derived from the application of the Agrarian Law, and is the operator of the Geospatial Information System (SIG).

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

SUSTAINABLE INFORMATION
imagen sostentabilidad
Sustainability Datasheet

PROJECT’S SUSTAINABILITY SUMMARY

The project consists of drilling 4 oil wells off the coast of Tabasco state. In addition to generating considerable financial outpouring, the project has a code of conduct for social and environmental sustainability that regulates all its activities.

* This summary was prepared based on the methodological framework defined by the Inter-American Development Bank (IDB) in the document entitled: “Attributes and Framework for Sustainable Infrastructure”, which is You can check Here.

Additionally, a brief explanation of the methodology and a summary of the questions applied can be consulted in this Document.

DOCUMENTS USED:

ADDITIONAL INFORMATION
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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.
Hydrocarbons map
 Investments
 Additional information
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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
 Data sheet
 Results
 Signed contract
 Transfer of participation interest
 Change of Official Responsible
 1st Amending agreement
 2nd Amending agreement
 3rd Amending agreemente
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Source
Secretaría de Medio Ambiente y Recursos Naturales
Description
Federal government entity and sectorial authority responsible for establishing the necessary criteria and instruments to guarantee the protection, preservation, and use of natural resources, by developing an environmental policy that ensures sustainable growth.
ID
27TA2016X0022
Permits
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Source
Secretaría de Energía
Description
Federal Government entity responsible for controlling, managing and regulating Mexico’s energy resources, and establishing the national energy policy.
SIA Resolution

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).

Oil and gas extraction contracts may or may not generate revenue if the operator finds commercially extractable resources in the assigned area. In case the operator finds and extracts hydrocarbons, he must pay the State the percentage of production that he offered in the tender, once costs are recovered.

The State is partner with the contractor. The contributions to the State are:
1. Royalties
2. Operating profit, a percentage is shared with the investors

There are two possible extensions in the contract term subject to the area being in regular commercial production. The first extension of 5 years and a second extension for an additional 5 years.
0461 Ronda 1, Licitación 2: Área 4, Ichalki, Pokoch 0459 Ronda 1, Licitación 2: Área 1, Amoca, Tecoalli, Miztón

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