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Second Tender of Round 3
On January 24, 2018, the National Hydrocarbons Commission ("CNH") released the bidding guidelines for tender number CNH-R03-L02/2017 for the awarding of exploration and extraction of hydrocarbon license contracts in onshore contractual areas (the "Tender").
The Tender is composed of 37 contractual areas located in three different sectors: (i) Burgos, (ii) Tampico-Misantla-Veracruz, and (iii) Cuencas del Sureste.
Location:
Characteristics:
Pursuant to CNH information, Round 3.2 includes:
- 37 conventional onshore areas with an approximately surface of 9 thousand 513 square kilometers.
- Prospective resources of approximately 260 million barrels of crude oil equivalent.
- Estimated investments of 89 million dollars per block, which will benefit the States of Nuevo Leon, Tamaulipas, Veracruz and Tabasco.
- Resources: (i) wet gas, (ii) dry gas, (iii) light oil.
Guidelines and Calendar:
| Access to the information included in the data room and payment of information | February 09, 2018 to May 09, 2018 |
| Access to data room | February 09, 2018 to July 24, 2018 |
| Visit to contractual areas | May 14, 2018 to July 20, 2018 |
| Registration payment and request for prequalification appointment | May 16, 2018 to May 18, 2018 |
| Filing of proposals | July 25, 2018 |
The lawyers of the Oil and Gas area of our firm are available for any questions or comments on the above.
Sincerely,
Juan Carlos Serra
Jorge Eduardo Escobedo Montaño
Mexico City, February 1st 2018
