Round 2, Tender 1 of the National Commission of Hydrocarbons - CNH (CNH-R02-L01/ 2016) has 15 contract areas located within the oil provinces: "Tampico-Misantla-Veracruz, Cuencas del Sureste" in shallow waters of the Gulf of Mexico for the exploration and extraction of hydrocarbons.

The Exploration and Extraction of Hydrocarbons from these areas are through production sharing contracts; These contracts can generate income or not depending on whether the operator finds commercially extractable 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.

Contract areas 1, 3, 4, 5 and 13 resulted in deserted tenders.