Round

EXPLORATION AND EXTRACTION OF HYDROCARBONS IN SHALLOW WATERS CORRESPONDING TO ROUND 1, TENDER 1, (SOUTHEASTERN MARINE BASINS).

Sector: Hydrocarbons

Last Revision
October 25, 2024
Subsector:
Upstream
Round:
Round 1, Tender 1, “Shallow Waters”
Contract Currency:
US Dollars
Estimated Investment MXN:

N.A.

Estimated Investment USD:

N.A.

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

DESCRIPTION

Round 1, Tender 1 of the National Commission of Hydrocarbons - CNH (CNH-R01-L01 / 2014) has 14 contract areas located within the oil province " Southeastern Marine Basins" in shallow waters of the Gulf of Mexico for exploration and extraction of hydrocarbons.

These contractual areas are assigned through shared production contracts. These contracts can generate income or not depending on whether the operator finds commercially resources in the assigned area.

In case the operator finds and extracts hydrocarbons, he must pay to the Mexican Government the percentage of operating income that he offered in the tender, once costs are recovered.

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

The contracts will have a term of 30 years from its signature date and there will be two possible extensions in the term of the contracts subject to the area being in regular commercial production, the first extension of 5 years and a second extension by other 5 years.

The contractual areas 1, 3 *, 4 *, 5, 6 *, 8, 9, 10, 11, 12 *, 13 and 14 concluded in void tenders, and are not included in this website.
* Offers rejected because they are below the Minimum Values established by SHCP.

GEOLOCATION

State(s)
Shallow waters of the Gulf of Mexico   

SPONSOR

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

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.
Responsive image
Source
Secretaría de Energía
Description
Federal Government entity responsible for controlling, managing and regulating Mexico’s energy resources, and establishing the national energy policy.

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