BACK TO PIPELINE
Project

HYDROCARBON EXTRACTION IN ONSHORE AREAS RELATED TO THE MIGRATION OF PEMEX WITH PARTNER “SANTUARIO - EL GOLPE" (SOUTHEAST BASINS), in the state of tabasco.

Sector: Hydrocarbons


Last Revision

October 01, 2024
 
Short Name of the Project:
0760 CNH: PEMEX Migration with Partner: Santuario El Golpe
Type of Investment:
Brownfield
Subsector:
Upstream
Asset (s):
 Oil Field 153.19 Km2-Oil & Gas 
Contract Currency:
US Dollars
Estimated Investment MXN:

32,538,317,281

Estimated Investment USD:

1,902,825,572

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

DESCRIPTION
Shared production contract CNH-M2-SANTUARIO-EL GOLPE/2017 for hydrocarbon production in onshore zones, covering an area of 153.19 km2 in the oil province of “Southeast Basins” for the production of oil and gas.

Main Features:
- Geological province: Isthmus Saline Basins
- Geological Age: Upper Miocene
- Lithology (s): Sandstone
- Type of hydrocarbon: Oil and gas

On December 19th, 2014, Pemex and Petrofac requested the Ministry of Energy the migration of the Assignments referred as A-0396-Santuary and A-0121-Campo El Golpe, through the procedure established in the Hydrocarbon Law in order to execute a new agreement under the Shared Production Mechanism.

On December 15th, 2017, the National Hydrocarbons Commission (CNH) authorized the execution of the Contract for Hydrocarbon Extraction under the Shared Production Mechanism, corresponding to the migration assignments referred as A-0396-Santuario and A-0121-Campo El Golpe.

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Public / Private
Type of Contract
  Shared Production
Term
25 years
Financing Sources
Private
100 %
MXN
32,538,317,281
USD
1,902,825,572
Payment Source
Project revenues
Revenues will be generated by the commercialization of hydrocarbons.

STATUS
Stage
  Operation
Substage
  > 5 years of operation
RELEVANT DATES
Contract Signing December 18, 2017
Execution/Construction Starting Date December 18, 2017
Operation Starting Date December 2017
Term of the Contract December 18, 2042
Contractor
Pemex Exploración y Producción y Perenco México  
Major Contractor’s Shareholders
Empresa Productiva del Estado Mexicano, Perenco México Holding y Perenco Energies International Limited

GEOLOCATION
State(s)
Tabasco   
Responsive image
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
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
 1st Amending agreement
 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).

This contract will include exclusively hydrocarbon extraction activities.

The State is a partner of the contractor. The contributions to the State are:
1. Royalties.
2. 65% of the monthly operating profit.
3. The Contractual Fee for the exploration phase.

There are two possible extensions in the contract term, subject to the regular commercial production of the area. The first extension of 5 years and a second extension for an additional 5 years.
0773 CFE: Gasoducto Ramal Hermosillo 0788 Puente Vehicular en las Avenidas Prolongación Madero y James Watt

Follow the Project

Leave your e-mail to receive updates on this Project.

 I have read and I accept the Privacy Notice