Project

EXPLORATION AND EXTRACTION OF HYDROCARBONS IN ONSHORE AREAS CORRESPONDING TO ROUND 1, TENDER 3, AREA 9 (SOUTH), IN THE STATE OF TABASCO.

Sector: Hydrocarbons


Last Revision

July 01, 2024
 
Short Name of the Project:
0470 Round 1, Tender 3: Area 9, Fortuna Nacional
Type of Investment:
Brownfield
Subsector:
Upstream
Asset (s):
 Oil Field 22 Km2-Oil & Gas 
Contract Currency:
US Dollars
Estimated Investment MXN:

980,542,796

Estimated Investment USD:

57,341,684

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

DESCRIPTION

License agreement CNH-R01-L03-A9/2015 for onshore hydrocarbons extraction, in an area of 22 km2 in the state of Tabasco for oil and gas extraction.

Main Features:
- Lithology: Sandstone
- Type of Hydrocarbons: Oil and gas

LEGAL AND FINANCIAL STRUCTURE

Type of Project
  Public / Private
Type of Contract
  License
Term
25 years
Selection Process
International Open Tender
Financing Sources
Private
100 %
MXN
980,542,796
USD
57,341,684
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 May 12, 2015
Proposals Reception December 15, 2015
Ruling December 24, 2015
Contract Signing May 10, 2016
Execution/Construction Starting Date May 10, 2016
Operation Starting Date April 2019
Term of the Contract May 10, 2041
Contractor
Perseus Fortuna Nacional  
Major Contractor’s Shareholders
Compañía Petrolera Perseus, Interamenricana de Navieros

GEOLOCATION

State(s)
Tabasco   

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

SUSTAINABLE INFORMATION

PROJECT’S SUSTAINABILITY SUMMARY

The project included the measurement of socio-economic and socio-cultural indicators in the area of influence. There is an analysis of the biodiversity surrounding the project, as well as specific measurements for the creation of mitigation and preservation plans. A reference is made to the creation of a community development center as a social management strategy of the communities.

* 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.

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.
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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.
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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.

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 license agreement for the extraction of hydrocarbons stipulates that the contractor will provide and be responsible for all technical and financial resources required for the execution of the operations and will have the right of ownership over the hydrocarbons extracted in the contractual area. The Contractor will pay a royalty, based on audited Hydrocarbons.

The State is a partner of the contractor. The contributions for the State are:
1. The contractual fee for the exploration phase
2. Consideration based on gross income before deducting costs
3. Adjustment mechanism based on production volume and prices

There are two possible extensions in the contract term subject to the area being in regular commercial production, the first extension of 10 years and a second extension for an additional period of 5 years.

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