| As part of the implementation of the Mexican Energy Reform, the Mexican government has selected certain fields that will gradually be tendered to foreign and domestic companies for hydrocarbon exploration and production projects. Round One includes 109 blocks for exploration and 60 blocks for production, and covers new areas of different sizes and types of resources, including (i)deepwater, (ii)shallow water, and (iii)onshore fields. Together, these blocks cover approximately 28,500 km2, and amount to an annual investment of close to US$8.5billion. As previously reported, the National Hydrocarbons Commission (Comisión Nacional de Hidrocarburos ) (“CNH”) has announced two international public bids – one for 14 exploration and production blocks in shallow waters, and the other for nine production blocks in shallow waters. The winner will be awarded production sharing contracts. To read the full alert click on the PDF linked below. Mexico-Round-One-Third-Bidding-Process.pdf To read more about the international public bids CNH-R01-L01/2014 and CNH-R01-L02/2015, please refer to our previous alerts, found in the links below: |