National Hydrocarbons Commission (CNH) awarded 16 blocks out of 35 blocks tendered in bid round 3.1. The biggest winner in this Round was Petróleos Mexicanos that won 4 areas as Operator and 3 more areas in Consortium (strategic alliances) with Total and Shell.
National Hydrocarbons Commission (CNH) awarded 16 blocks out of 35 blocks tendered in bid round 3.1. The biggest winner in this Round was Petróleos Mexicanos that won 4 areas as Operator and 3 more areas in Consortium (strategic alliances) with Total and Shell.
The areas offered by the CNH, -all of them in shallow waters in the Gulf of Mexico- are located in three regions: Burgos Basin, Tampico-Misantla and the Southeast Basin. The first two regions are mainly natural gas producing areas, so they were less favored; while the other 8 contractual areas of the Southeast Basin were all awarded, receiving an average of almost 4 bids per area. Three areas received multiple offers at the maximum allowed by the applicable tender rules (65% Government share in a Production Sharing Contract). According to the tender rules, the winners offered Signature Bonus for a sum exceeding US $ 124 million.
RDA congratulates its clients and friends that participated in the R 3.1
Should you want more information regarding the bids, please contact us.