{"id":19495,"date":"2016-12-22T22:10:23","date_gmt":"2016-12-23T04:10:23","guid":{"rendered":"http:\/\/www.bashamhost.co\/Blog\/?p=528"},"modified":"2016-12-22T22:10:23","modified_gmt":"2016-12-23T04:10:23","slug":"fourth-tender-round-1-exploration-and-extraction-contracts-in-deep-waters-pemex-farm-out","status":"publish","type":"post","link":"https:\/\/basham.com.mx\/en\/fourth-tender-round-1-exploration-and-extraction-contracts-in-deep-waters-pemex-farm-out\/","title":{"rendered":"Fourth Tender, Round 1. Exploration and Extraction Contracts in Deep Waters PEMEX Farm Out"},"content":{"rendered":"

On December 5, 2016, the National Hydrocarbons Commission (\u201cCNH\u201d) announced the results related to CNH-A1-Trion\/2016 and CNH-R01-L04\/2015<\/strong> tenders.
\nCNH-A1-Trion\/2016 Tender. PEMEX Farm Out.<\/strong>
\nSince the two economic offers submitted to CNH proposed an additional royalty of 4.00%, the tie-break rule provided in the bidding guidelines was applied to determine the winning bidder.
\nBHP Billiton Petr\u00f3leo Operaciones de M\u00e9xico, S. de R.L. de C.V. offered US$624 million, while BP Exploration M\u00e9xico, S.A. de C.V. offered US$605.9 million. Therefore, CNH awarded PEMEX farm out partnership to BHP Billiton Petr\u00f3leo Operaciones de M\u00e9xico.
\nOfficial award was published in the Federal Official Gazette on December 13, 2016.
\nThe investments for the development and exploitation of Trion well are estimated in US$11.0 billion. Mexican State will receive approximately 72.4% of the project profitability.
\nCNH-R01-L04\/2015 Tender. Deep Water Blocks.<\/strong>
\nEight out of ten areas were awarded to different companies and consortiums.
\nFor said areas, investments are expected to be US$34.4 billion during the coming 35 years. Pursuant to the information provided by the Energy Ministry, Mexican State will receive between 59.8% and 66.1% of the profitability accrued under the awarded contracts.
\nOfficial awarding was published in the Mexican Federal Official Gazette on December 13, 2016.
\nAwarded companies:
\nCinturon Plegado Perdido Area.<\/strong><\/p>\n\n\n\n\n\n\n\n\n
\n

Area<\/strong><\/p>\n<\/td>\n

\n

Place<\/strong><\/p>\n<\/td>\n

\n

Bidder<\/strong><\/p>\n<\/td>\n

\n

Minimum Royalty set by Government<\/strong><\/p>\n<\/td>\n

\n

Additional Royalty<\/strong><\/p>\n

Offered<\/strong><\/p>\n<\/td>\n

\n

Additional Investment Factor<\/strong><\/p>\n<\/td>\n

\n

Country of Origin<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

1<\/strong><\/p>\n<\/td>\n

\n

1\u00b0<\/p>\n<\/td>\n

\n

China Offshore Oil Corporation E&P M\u00e9xico, S.A.P.I de C.V.<\/p>\n<\/td>\n

\n

\n

3.1<\/p>\n<\/td>\n

\n

17.01<\/p>\n<\/td>\n

\n

1.5<\/p>\n<\/td>\n

\n

China<\/p>\n<\/td>\n<\/tr>\n

\n

2\u00b0<\/p>\n<\/td>\n

\n

Pemex Exploraci\u00f3n y Producci\u00f3n<\/p>\n<\/td>\n

\n

6.65<\/p>\n<\/td>\n

\n

1.0<\/p>\n<\/td>\n

\n

Mexico<\/p>\n<\/td>\n<\/tr>\n

\n

2<\/strong><\/p>\n<\/td>\n

\n

1\u00b0<\/p>\n<\/td>\n

\n

Total E&P M\u00e9xico, S.A. de C.V. and ExxonMobil Exploraci\u00f3n y Producci\u00f3n M\u00e9xico, S. de R.L. de C.V.<\/p>\n<\/td>\n

\n

\n

3.1<\/p>\n<\/td>\n

\n

5.00<\/p>\n<\/td>\n

\n

1.5<\/p>\n<\/td>\n

\n

France and U.S.A.<\/p>\n<\/td>\n<\/tr>\n

\n

3<\/strong><\/p>\n<\/td>\n

\n

1\u00b0<\/p>\n<\/td>\n

\n

Chevron Energ\u00eda de M\u00e9xico, S. de R.L. de C.V., PEMEX and Inpex Corporation<\/p>\n<\/td>\n

\n

3.1<\/p>\n<\/td>\n

\n

7.44<\/p>\n<\/td>\n

\n

0.0<\/p>\n<\/td>\n

\n

U.S.A., Mexico and Japan<\/p>\n<\/td>\n<\/tr>\n

\n

4<\/strong><\/p>\n<\/td>\n

\n

1\u00b0<\/p>\n<\/td>\n

\n

China Offshore Oil Corporation E&P M\u00e9xico, S.A.P.I de C.V.<\/p>\n<\/td>\n

\n

3.1<\/p>\n<\/td>\n

\n

15.01<\/p>\n<\/td>\n

\n

1.0<\/p>\n<\/td>\n

\n

China<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Cuenca Salinas.<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\n

Area<\/strong><\/p>\n<\/td>\n

\n

Place<\/strong><\/p>\n<\/td>\n

\n

Bidder<\/strong><\/p>\n<\/td>\n

\n

Minimum Royalty set by Government<\/strong><\/p>\n<\/td>\n

\n

Additional Royalty<\/strong><\/p>\n

Offered<\/strong><\/p>\n<\/td>\n

\n

Additional Investment Factor<\/strong><\/p>\n<\/td>\n

\n

Country of Origin<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

1<\/strong><\/p>\n<\/td>\n

\n

1\u00b0<\/p>\n<\/td>\n

\n

Statoil E&P M\u00e9xico, S.A. de C.V., BP Exploration M\u00e9xico, S.A. de C.V. and Total E&P M\u00e9xico, S.A. de C.V.<\/p>\n<\/td>\n

\n

1.9<\/p>\n<\/td>\n

\n

10.00<\/p>\n<\/td>\n

\n

1.0<\/p>\n<\/td>\n

\n

Norway, United Kingdom and France<\/p>\n<\/td>\n<\/tr>\n

\n

2<\/strong><\/p>\n<\/td>\n

\n

–<\/p>\n<\/td>\n

\n

Not awarded<\/p>\n<\/td>\n

\n

1.9<\/p>\n<\/td>\n

\n

–<\/p>\n<\/td>\n

\n

–<\/p>\n<\/td>\n

\n

–<\/p>\n<\/td>\n<\/tr>\n

\n

3<\/strong><\/p>\n<\/td>\n

\n

1\u00b0<\/p>\n<\/td>\n

\n

Statoil E&P M\u00e9xico, S.A. de C.V., BP Exploration M\u00e9xico, S.A. de C.V. and Total E&P M\u00e9xico, S.A. de C.V.<\/p>\n<\/td>\n

\n

1.9<\/p>\n<\/td>\n

\n

10.00<\/p>\n<\/td>\n

\n

1.0<\/p>\n<\/td>\n

\n

Norway, United Kingdom and France<\/p>\n<\/td>\n<\/tr>\n

\n

\u00a0<\/strong><\/p>\n

4<\/strong><\/p>\n<\/td>\n

\n

1\u00b0<\/p>\n<\/td>\n

\n

PC Carigali M\u00e9xico Operations, S.A. de C.V. and Sierra Offshore Exploration, S. de R.L. de C.V.<\/p>\n<\/td>\n

\n

1.9<\/p>\n<\/td>\n

\n

22.99<\/p>\n<\/td>\n

\n

0.0<\/p>\n<\/td>\n

\n

Malaysia and Mexico<\/p>\n<\/td>\n<\/tr>\n

\n

2\u00b0<\/p>\n<\/td>\n

\n

Statoil E&P M\u00e9xico, S.A. de C.V., BP Exploration M\u00e9xico, S.A. de C.V. and Total E&P M\u00e9xico, S.A. de C.V.<\/p>\n<\/td>\n

\n

1.9<\/p>\n<\/td>\n

\n

13.00<\/p>\n<\/td>\n

\n

1.5<\/p>\n<\/td>\n

\n

Norway, United Kingdom and France<\/p>\n<\/td>\n<\/tr>\n

\n

\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

5<\/strong><\/p>\n<\/td>\n

\n

1\u00b0<\/p>\n<\/td>\n

\n

Murphy Sur, S. de R.L. de C.V., Ophir M\u00e9xico Holdings Limited, PC Carigali M\u00e9xico Operations, S.A. de C.V. and Sierra Offshore Exploration, S. de R.L. de C.V.<\/p>\n<\/td>\n

\n

1.9<\/p>\n<\/td>\n

\n

26.91<\/p>\n<\/td>\n

\n

1.0<\/p>\n<\/td>\n

\n

U.S.A., United Kingdom, Malaysia and Mexico<\/p>\n<\/td>\n<\/tr>\n

\n

2\u00b0<\/p>\n<\/td>\n

\n

Atlantic Rim M\u00e9xico, S. de R.L. de C.V. and Shell Exploraci\u00f3n y Extracci\u00f3n de M\u00e9xico, S.A. de C.V.<\/p>\n<\/td>\n

\n

1.9<\/p>\n<\/td>\n

\n

19.11<\/p>\n<\/td>\n

\n

1.5<\/p>\n<\/td>\n

\n

U.S.A. and Holland<\/p>\n<\/td>\n<\/tr>\n

\n

6<\/strong><\/p>\n<\/td>\n

\n

–<\/p>\n<\/td>\n

\n

Not awarded<\/p>\n<\/td>\n

\n

1.9<\/p>\n<\/td>\n

\n

–<\/p>\n<\/td>\n

\n

–<\/p>\n<\/td>\n

\n

–<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\nPursuant to the bidding schedule, contracts must be signed within 90 days following the awarding publication.
\nThe lawyers of the energy, mining and infrastructure area of our firm are available for any questions or comments on the above.
\n 
\n\u00a0<\/strong>
\n\u00a0<\/strong>
\n\u00a0<\/strong>
\n 
\n\u00a0<\/strong>
\n 
\n 
\nSINCERELY
\n\u00a0<\/strong>
\n\u00a0\u00a0<\/strong><\/p>\n\n\n\n\n\n\n
Daniel Del Rio<\/td>\ndelrio@@basham.com.mx<\/td>\n<\/tr>\n
Juan C. 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, on December 22th, 2016.<\/p>","protected":false},"excerpt":{"rendered":"

On December 5, 2016, the National Hydrocarbons Commission (\u201cCNH\u201d) announced the results related to CNH-A1-Trion\/2016 and CNH-R01-L04\/2015 tenders. CNH-A1-Trion\/2016 Tender. PEMEX Farm Out. Since the two economic offers submitted to CNH proposed an additional royalty of 4.00%, the tie-break rule provided in the bidding guidelines was applied to determine the winning bidder. BHP Billiton Petr\u00f3leo […]<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[1266,1264,1306,1307],"tags":[273,206,293,295],"class_list":["post-19495","post","type-post","status-publish","format-standard","hentry","category-energy","category-english","category-infrastructure","category-mining","tag-energy","tag-english","tag-infrastructure","tag-mining"],"_links":{"self":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/posts\/19495","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=19495"}],"version-history":[{"count":0,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/posts\/19495\/revisions"}],"wp:attachment":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/media?parent=19495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/categories?post=19495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/tags?post=19495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}