Resolution CNH.E.15.07/2023. Determined the conclusion of the Early Termination Procedure for renunciation of the entire Contractual Area, presented by Shell Exploración y Extracción de México, S.A. of C.V. regarding the Contract for the Exploration and Extraction of Hydrocarbons under the modality of shared production in shallow waters CNH-R03-L01-G-CS-04/2018.

Oil and gas exploration and 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. The Contractual Fee for the Exploration Phase
2. Royalties
3. Operating profit, a percentage is shared with the investors

It is important to clarify that all the exploration risk is assumed by the operator, that is, if the assigned operator does not find economically viable hydrocarbons to be extracted, the Mexican State has no payment obligation.

Prospective Resources: The volume of hydrocarbons estimated, at a certain date, of accumulations that are not yet discovered but have been inferred and are estimated to be potentially recoverable, through the development of future projects.

They have, both an opportunity for discovery and development, and are further subdivided according to the level of certainty associated with recovery estimates:
- P90: Low quantity estimates, that with a 90% probability will be equal to or greater than that level.
- P50: Best quantity estimates, that with a 50% probability will be equal to or greater to that level.
- P10: High quantity estimates, that with a 10% probability will be equal to or greater than that level.