{"id":19457,"date":"2016-08-29T22:39:22","date_gmt":"2016-08-30T03:39:22","guid":{"rendered":"http:\/\/www.bashamhost.co\/Blog\/?p=557"},"modified":"2016-08-29T22:39:22","modified_gmt":"2016-08-30T03:39:22","slug":"pemex-farm-out-tender-procedure-cnh-a1-trion2016","status":"publish","type":"post","link":"https:\/\/basham.com.mx\/en\/pemex-farm-out-tender-procedure-cnh-a1-trion2016\/","title":{"rendered":"PEMEX Farm Out Tender Procedure CNH-A1 Trion\/2016"},"content":{"rendered":"

Trion block is located in ultra-deep-waters of the Mexican Gulf in an area known as \"Cinturon de Plegado\" and the main purpose of National Hydrocarbons Commission (\"CNH\") is to attract operating companies with proven capacity and experience in this type of areas in order to establish strategic alliances with PEMEX.
\nBelow are the main aspects to be considered in this farm out procedure:
\nI. Bidding guidelines:
\n- Experience as an operator during the last ten (10) years with at least one project in ultra-deep-waters in depths of 1,500 meters.
\n- Production equal to or greater than 50 thousand barrels of crude oil equivalent daily in projects in deep-waters or ultra-deep-waters between 2011 and 2015.
\n- Technical capacity in industrial safety and environmental protection during the last five (5) years.
\n- For financial capacity:
\n\uf0fc Operator must prove that it has (i) a net worth equal to or greater than US$5,000 billion or assets greater than or equal to US$25,000 billion; and (ii) capital investment in exploration and\/or extraction projects for US$2,000 billion.
\n\uf0fc Non-operator must have a net worth greater than or equal to US$250 million.
\n- Any party interested in this tender may only participate as a consortium, with the following participation percentages:
\n\uf0fc Pemex Exploration and Production: 45%
\n\uf0fc Designated operator: [30% - 45%].
\n\uf0fc Operator: [10% to 25%]
\n\uf0fc Non-operator: [up to 10%].
\n- Participating companies must obtain a license to use information that will be issued by CNH for an amount equal to or greater than Mx. Pesos$1,600,000.00.
\nII. License contract:
\n- Exploration takes a maximum term of 10 years: four (4) years for an initial exploration and two (2) additional terms of three (3) years each.
\n- Evaluation period for discovery considering a term of up to three (3) years.
\n- Development may take 22 years as of the approval of the development plan with two (2) possible extension terms, one for ten (10) years and the second one for twenty-two (22) years.
\nIt is important to mention that license contract also provides: (i) performance guarantees; (ii) corporate guarantee; (iii) clauses related to industrial and environmental safety; (iv) work program and budget; (v) slowdown of the economy; (vi) contract termination.
\nPursuant to the information provided by CNH, awarded winner must invest US$464 million before PEMEX makes any contribution.
\nIII. Bidding schedule
\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Final bidding schedule<\/td>\nSeptember 30, 2016<\/td>\n<\/tr>\n
Period to request access to virtual data room<\/td>\nJuly 28, 2016 - August 29, 2016<\/td>\n<\/tr>\n
Access to virtual data room<\/td>\nJuly 27, 2016 - December02, 2016<\/td>\n<\/tr>\n
First clarification stage<\/td>\nJuly 28, 2016 - August 19, 2016<\/td>\n<\/tr>\n
Second clarification stage<\/td>\nJuly 28, 2016 - September 30, 2016<\/td>\n<\/tr>\n
Inscription payment and pre-eligibility<\/td>\nJuly 28, 2016 - August 31, 2016<\/td>\n<\/tr>\n
Reception of pre-eligibility documents<\/td>\nSeptember 12, 2016 - September 15, 2016<\/td>\n<\/tr>\n
Review of pre-eligibility documents<\/td>\nSeptember 19, 2016 - November 11, 2016<\/td>\n<\/tr>\n
Pre-eligible companies' publication<\/td>\nNovember 11, 2016<\/td>\n<\/tr>\n
Period to request CNH authorization to conform bidders<\/td>\nNovember 14, 2016 - November 18, 2016<\/td>\n<\/tr>\n
Filing proposals<\/td>\nDecember 5, 2016<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/div>\n
IV. Bidding block<\/div>\n
<\/div>\n
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\"\"<\/div>\n
<\/div>\n
The block surface is 1,285 km2 and pursuant to the information provided by CNH it has resources of light oil.<\/div>\n
<\/div>\n
Additionally, the block has 100% of 3D studies coverage and prospective resources of an average of 537.00 million barrels of crude oil equivalent.<\/div>\n
<\/div>\n
The lawyers of the energy, mining and infrastructure area of our firm are available for any questions or comments on the above.<\/div>\n
<\/div>\n
<\/div>\n
<\/div>\n

<\/p>\n
\n\u00a0<\/sup>\n<\/div>\n<\/div>\n

YOURS TRULY
\n 
\n <\/p>\n\n\n\n\n\n\n
Daniel Del Rio<\/td>\ndelrio@basham.com.mx<\/td>\n<\/tr>\n
Juan Carlos Serra<\/td>\nserra@basham.com.mx<\/td>\n<\/tr>\n
Jorge E Escobedo<\/td>\njescobedo@basham.com.mx<\/td>\n<\/tr>\n
Alejandra Pages<\/td>\napages@basham.com.mx<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\nMexico City, August 29th 2016.<\/p>","protected":false},"excerpt":{"rendered":"

Trion block is located in ultra-deep-waters of the Mexican Gulf in an area known as \u201cCinturon de Plegado\u201d and the main purpose of National Hydrocarbons Commission (\u201cCNH\u201d) is to attract operating companies with proven capacity and experience in this type of areas in order to establish strategic alliances with PEMEX. Below are the main aspects […]<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[1266,1264],"tags":[273,206],"class_list":["post-19457","post","type-post","status-publish","format-standard","hentry","category-energy","category-english","tag-energy","tag-english"],"_links":{"self":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/posts\/19457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/comments?post=19457"}],"version-history":[{"count":0,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/posts\/19457\/revisions"}],"wp:attachment":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/media?parent=19457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/categories?post=19457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/tags?post=19457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}