CNH – NRGI Broker Expertos en Seguros para el Sector Energético

Feature: Mexico’s oil industry cautiously optimistic of future energy policy

2 October, 2018/Economy, Hydrocarbons Storage, International Markets, Mexico’s bidding rounds, Mexico’s Energy Reform, News, Oil & Gas, Oil Operators

S&P Global / Daniel Rodriguez / Edited by Pankti Mehta / October 1

Mexico City — Oil and gas executives attending last week’s Mexican Petroleum Congress (CMP) in Acapulco told S&P Global Platts that they were cautiously optimistic about the future of the country’s energy reform, pointing to higher oil prices and some clarification of President-elect Andres Manuel Lopez Obrador’s policies.

The conference took place as Lopez Obrador held a closed-door meeting with the country’s association of hydrocarbon producers, AMEXHI, on Thursday in Mexico City.

The incoming administration gave a firm message: Mexico will continue the energy reform and private upstream investment as long as they can deliver results by boosting output.

The meeting cleared some uncertainties that had built up since Lopez Obrador’s electoral victory in July. Obrador has been historically opposed to private investment in Mexico’s energy sector.

PRIVATE OPERATORS TO PRODUCE 280,000 B/D: LOPEZ OBRADOR

According to a video of the meeting obtained by Platts, Lopez Obrador told operators that the future of the reform rested on their shoulders.

“We want to give you the opportunity to invest and work on this reform,” Lopez Obrador said. However, companies must invest and boost output to prove the success of the country’s new energy model.

The president-elect said his goal is that private operators produce 280,000 b/d of crude oil and 305 MMcf/d of the natural gas by the end of his term in 2024. “That would be the ideal. We aren’t asking for more and we are happy with that level,” he said.

This is a very conservative projection compared to the 430,000 b/d estimate shared by outgoing Energy Secretary Pedro Joaquin Coldwell at the inauguration of CMP.

At a webcast press conference Thursday, Mexico’s future energy secretary Rocio Nahle said that auction rounds would be halted. She said the country first needs to evaluate the 110 contracts awarded to date because they have not helped boost domestic production.

“It would be irresponsible to continue auctioning areas without a previous production gain [from awarded areas],” Nahle said.

OPERATORS ARE CALM WITH INCOMING GOVERNMENT

AMEXHI members are allies of the state and can collaborate with Pemex to “continue strengthening Mexico’s energy security,” Alberto de la Fuente, AMEXHI’s president, said in a statement Thursday.

This message of partnership was also shared by senior executives from BHP Billiton, BP, Chevron, DEA Deutsche Erdoel, Equinor, and Shell at the CMP.

“We aren’t here to replace Pemex but to complement it and help to achieve the incoming administration’s goal of boosting oil output,” Steve Pastor, BHP Billiton’s president for petroleum operations, told Platts last week at the CMP.

De la Fuente denied that private operators were uncertain over the review of contracts awarded by the country’s National Hydrocarbon Commission (CNH).

In the statement, he said that AMEXHI members left the meeting with the incoming administration with the knowledge that Lopez Obrador will honor their contracts.

However, some industry members expressed their frustration to Platts at the conference about an apparent lack of understanding from the incoming administration on the long-term nature of the upstream industry.

INCOMING ADMINISTRATION WILL SEEK TO CUT RED TAPE

At the meeting with AMEXHI members, Lopez Obrador said his administration would work with regulators to cut the red tape and quicken the development of new projects.

“Some of you have told me permits take too long, and regulators delay your investment plans as well as Pemex’s activities,” Lopez Obrador said. “We are going to solve all bureaucratic roadblocks.”

Juan Carlos Zepeda, CNH’s president commissioner, told reporters Friday there was space to make the regulatory process leaner and more efficient while protecting the wellbeing of the country’s fields and hydrocarbon resources.

“We share views with President-elect Lopez Obrador and the industry … we are working toward that path without neglecting our responsibility of protecting Mexico’s reservoirs,” Zepeda said.

Right now, Mexico is more efficient than the US when it comes to the development of wells as CNH only requires notice from the operators instead of regulatory approvals, Zepeda said.

Also, CNH is working on a new process to expedite the approval of exploratory and development programs, which is currently under public consultation, he added.

A major regulatory roadblock for Mexico’s upstream sector has been Pemex’s framework to farmout projects via CNH auctions, Pemex senior officials said at CMP.

Zepeda said he supports the idea of Pemex being able to choose its own farm out partners. However, the company should maintain transparency levels upheld by CNH.

S&P Global / Daniel Rodriguez / Edited by Pankti Mehta / October 1

LOS BENEFICIOS DE LOS SEGUROS EN EL SECTOR HIDROCARBUROS

2 October, 2018/Hydrocarbons Storage, Insurance, Masonry (4 columns), Mexico’s Energy Reform, Oil & Gas, Oil Operators, Our Core, Surety and Guarantees

Las garantías financieras son instrumentos a través de los cuales los titulares de los contratos firmados con la Comisión Nacional de Hidrocarburos (CNH), garantizan el cumplimiento de las obligaciones asumidas. Entre éstas se encuentran los seguros.

Su principal característica es la de fungir como un respaldo económico ante diversas contingencias, ya sea que recaigan en el mismo asegurado o un tercero afectado, como consecuencia de una acción u omisión del asegurado

Existen ciertas actividades en las que existe una mayor exposición al riesgo y con ello una mayor probabilidad de causar daños a terceros y en estos casos, las autoridades en aras de promover el bienestar general, incluyeron en las regulaciones los seguros para que los responsables cuenten con los recursos necesarios para reparar los daños o perjuicios ocasionados.

Es el caso de los seguros para el sector hidrocarburos que fueron regulados por la Agencia de Seguridad, Energía y Ambiente (ASEA) a partir de la Reforma Energética.

El artículo 6, fracción I, inciso c, de la Ley de la ASEA, establece la facultad de dicha Agencia, para: “Regular el requerimiento de garantías o cualquier otro instrumento financiero necesario para que los Regulados cuenten con coberturas financieras contingentes frente a daños o perjuicios que se pudieran generar…”

Los seguros que se requieren en el sector energético son complejos, pues generalmente a través de ellos, se amparan los riesgos de las operaciones de exploración y extracción de hidrocarburos en aguas profundas; transporte de petróleo por barco; tendido de ductos; construcción y operación de terminales de almacenamiento, etc.

Para asegurar adecuadamente a una empresa es necesario conocer su experiencia, sus características, sus medidas de seguridad operativa e industrial, sus obligaciones contractuales y lo más importante, el tipo de riesgos a los que está expuesta, considerando que:

Los hidrocarburos y petrolíferos son actividades peligrosas por sus características de inflamabilidad y explosividad;
Se les considera actividades altamente riesgosas;
Conllevaninfraestructura de grandes dimensiones y con altos grados de inversión económica;
Se pueden encontrar en zonas social y ambientalmente vulnerables y
Están expuestas a las acciones u omisiones de contratistas, sub-contratistas y proveedores de servicio.

NRGI Broker ofrece asesoramiento profesional para la contratación de los programas integrales de seguros, con las coberturas que pueden contratarse en México, pero también cuenta con la capacidad para colocar coberturas en el mercado internacional de reaseguro, cuando se trata de “grandes riesgos”.

En México experimentamos la reconfiguración del sector energético, que dio lugar a una mayor participación de empresas del sector privado, nacional e internacional, así como nuevas obligaciones por lo que las empresas requieren que sus inversiones estén correctamente respaldadas y trabajar con proveedores ágiles, con costos y tiempos de respuesta eficientes y para la consecución de ese objetivo, por ello es fundamental la contratación de un corredor de seguros experimentado, especializado y confiable.

En NRGI Broker, contamos con la experiencia y la especialización en seguros para todas las actividades el sector energético que necesitas. Acércate a nosotros, con gusto te atenderemos.

Línea Base Ambiental: Retos y Oportunidades para el Sector Hidrocarburos

18 September, 2018/Environment, Insurance, Mexico’s Energy Reform, Oil & Gas, Oil Operators, Our Core, Risk Management, Surety and Guarantees, Uncategorized

Los estudios de Línea Base Ambiental (LBA) son estudios de tipo técnico especializados que son requeridos por la Agencia de Seguridad, Energía y Ambiente(ASEA) de la Secretaria de Medio Ambiente y Recursos Naturales (SEMARNAT) a los regulados del Sector Hidrocarburos para: determinar las condiciones ambientales en las que se encuentran los componentes ambientales de las áreas contractuales, así como la identificación y registro de daños preexistentes y daños ambientales.

La LBA es también un insumo importante para la elaboración de las Manifestaciones de Impacto Ambiental, a efecto de cumplir con lo dispuesto en el contrato celebrado entre la Comisión Nacional de Hidrocarburos (CNH) y los Regulados. Los objetivos principales para la realización de los estudios de LBA son:

Identificar y describir la infraestructura existente en el área contractual y su estado actual físico y operacional para identificar y evaluar los daños ambientales que hayan sido generados por esta, para el deslinde de responsabilidades.
Identificar y evaluar las condiciones ambientales en que se encuentran los ecosistemas y recursos naturales, existentes en el área contractual y zona de influencia, previo a la ejecución de las actividades del contrato.
Evaluar los daños y pasivos ambientales ocasionados por las actividades humanas o procesos naturales en la zona contractual y de influencia a efecto de deslindarse de las responsabilidades

En el artículo 27, párrafo séptimo de la Constitución Política de los Estados Unidos Mexicanos, se establece que las actividades de exploración y extracción del petróleo y demás hidrocarburos se realizarán mediante asignaciones a empresas productivas del Estado o a través de contratos con éstas o con particulares, por lo que la presentación de la LBA ante la ASEA se traduce en una obligación para estas entidades.

Para orientar la elaboración de los estudios de LBA la autoridad a puesto a disposición de los regulados dos guias: a) “Guía para la elaboración y presentación de la Línea Base Ambiental previo al inicio de las actividades de Exploración y Extracción de Hidrocarburos en Áreas Terrestres” y b) la “Guía para la elaboración y presentación de la línea base ambiental previo al inicio de las actividades marinas de exploración y extracción de hidrocarburos en aguas someras”.

Es sumamente importante para los regulados que pretenden el aprovechamiento de zonas contractuales, el identificar, evaluar y detallar de manera precisa los daños ambientales preexistentes a través de los estudios de LBA, ya que solo podrán eximir su responsabilidad ambiental respecto a dichos daños, siempre y cuando hayan sido registrados y manifestados en dichos estudios.

Considernado la relevancia que tienen los estudios de LBA para los regulados, en cuanto al deslinde de los pasivos ambientales y sociales preexistentes de las áreas contractuales, es fundamental que dimensionen la necesidad de que la elaboración de la LBA debe ser realizada por empresas o plataformas técnico-científicas de especialistas calificados y con capacidad demostrada para la realización de este tipo de estudios. El deslindarse de dichos pasivos a través de buenos estudios de LBA y no asumir ningun riesgo financiero, social, legal y ambiental, es uno se los mejores seguros para sostener la viabilidad de sus inversiones y no comprometer su reputación como empresa y regulado ante la eventualidad de que se generen contingencias ambientales.

Un buen estudio de LBA debe sustentar además, las bases para el diseño e implementación de los Sistemas de Manejo y Gestión Ambiental y Social (SMGAS) para la prevención, manejo, mitigación y monitoreo de impactos ambientales y sociales durante las fases de preparación, construcción, operación y mantenimiento de los proyectos o de las áreas contractuales que deberán ser establecidos en las manifestaciones de impacto ambiental, estudios del cambio de uso del suelo de terrenos forestales, evaluaciones de impacto social y estudios de riesgo ambiental que correspondan. El proceso de elaboración y evaluación de los estudios de LBA se presenta en la siguiente figura:

Con más de 20 años de experiencia, cobertura internacional y fuerte compromiso con la sustentabilidad, la innovación y la calidad de nuestros servicios en el sector hidrocarburos, energía, turismo, desarrollo urbano, infraestructura, medio ambiente y minería; GPPA y nuestros socios estratégicos NRGI Brokers y Rodríguez Dávalos Abogados, asi como especialistas de diferentes institutos y centros de investigación, hemos conformado una plataforma técnico-cientifica de expertos nacionales e internacionales con la mayor capacidad en el país para ofrecer soluciones integrales y con valor agregado a los regulados del sector hidrocarburos, para resolver sus necesidades en materia de planeación, manejo, gestión ambiental y legal, desarrollo sostenible, fianzas y seguros de responsabilidad ambiental, incluyendo la elaboración de estudios de LBA, Evaluación de Impacto Ambiental, Evaluación de Impacto Social, entre otros productos y servicios.

Para mayor información y cualquier duda o necesidad derivada de la información presentada en el presente boletín, estamos a su disposición a través de:

Consultores en Gestión Política y Planificación Ambiental, S.C.

David Zárate Lomelí

Director General

Teléfono: (998) 6 88 08 75

E-mail: dzarate@gppa.com.mx

www.gppa.com.mx

¿Participarás en consorcio con otras empresas en las Rondas de Licitación de CNH? Conoce de qué se trata la Responsabilidad Solidaria.

6 February, 2018/Environmental Legislation, Mexico’s bidding rounds, Mexico’s Energy Reform, Oil & Gas, Oil Operators, Our Core

En 2014, México promulgó la Reforma Energética y con ello abrió paso a un hecho histórico, por vez primera en 75 años se permitió a la inversión privada participar en las actividades de Exploración y Extracción de hidrocarburos.

Las empresas y consorcios interesados en participar en los concursos de licitación organizados por la Comisión Nacional de Hidrocarburos (CNH) lo pueden hacer como licitante individual o licitante agrupado (consorcio). Aquellos que deciden participar como consorcio no están obligados constituir una nueva persona moral, sino simplemente a manifestar su voluntad de presentar una propuesta conjunta para la licitación y firmar el contrato correspondiente.

Al permitir este tipo de agrupación, se pretende promover la participación del mayor número de empresas sin que se quede fuera el capital mexicano. Por eso, pueden licitar empresas que cuenten con experiencia y comprueben capacidad técnica (como operadores) -requisitos que en su mayoría van a cubrir empresas extranjeras- y empresas con capacidad económica y financiera (no operadores).

La participación en consorcio permite que las empresas reúnan las condiciones, que en conjunto les aseguren mayores posibilidades de éxito. No obstante, es importante considerar que en cualquier caso las empresas adquieren una responsabilidad total solidaria por las actividades que se ejecuten en el campo.

En primer lugar, será necesario definir su porcentaje de participación, lo cual no implica que asuman solamente en esa medida las obligaciones establecidas en el contrato, pues las empresas participantes serán solidariamente responsables de todas y cada una de las obligaciones que asume el consorcio, independientemente de su porcentaje de su respectiva participación.

El operador, por su parte, tiene la obligación de cumplir con las obligaciones del contrato en representación de las empresas participantes. Específicamente, se encarga de todos los aspectos operacionales, pero en caso de algún incumplimiento de su parte, como ya dijimos no releva de su responsabilidad solidaria a las otras empresas.

La figura del operador es central, por eso se requiere que cuente por lo menos con una tercera parte de la participación en el consorcio y ningún otro miembro podrá tener una participación económicamente mayor a la suya.

En materia de seguros, por ejemplo, el operador es responsable de contratarlos y presentarlos ante la Agencia de Seguridad, Energía y Ambiente (ASEA), de conformidad con lo establecido en las Disposiciones Administrativas de Carácter General en materia de Seguros (DAGS] para las actividades de Exploración y Extracción de Hidrocarburos, pero si en el momento de un siniestro las coberturas no fueran suficientes y/o adecuadas para responder por el daño, todos los participantes serán legalmente responsables de repararlo.

En NRGI Broker, somos expertos en materia de seguros, así como de la regulación en materia ambiental, con la que deben cumplir los operadores petroleros. Acércate a nosotros, con gusto te atenderemos.

Renaissance Oil initiates multi-well drilling program at Amatitlán

28 November, 2017/News, Oil & Gas, Oil Operators

From Renaissance Oil Corp. / Craig Steinke / 27 de Noviembre de 2017

VANCOUVER, Nov. 27, 2017 /CNW/ – Renaissance Oil Corp. (“Renaissance” or the “Company”) (TSX-V: ROE) is pleased to announce the Comisión Nacional de Hidrocarburos (the “CNH”) has approved drilling permits for the Chicontepec multi well drilling program on the Amatitlán block in Veracruz, Mexico. In conjunction with its partner Lukoil, Renaissance will conduct the following operations:

During the week of December 4th, 2017, mobilize Simmons Edeco Rig 836 to a multi-well drilling location and spud the first well, Amatitlán 1649, of the 10 well drilling campaign which will occur over the course of several months;

Each well will be directionally drilled, targeting multiple Chicontepec intervals, to a total depth of 1,975 meters; and

The second well in the program, Amatitlán 1708, will be drilled subsequently from the same multi-well location.

“As the first Canadian operated oil well drilled in Mexico, in almost a century, the Amatitlán 1649 is a historical milestone”, stated Craig Steinke, Chief Executive Officer of Renaissance. He added, “Rig 836, owned by Canadian based Simmons Edeco, will also be used to drill the planned 4,200 meter measured depth horizontal Upper Jurassic shale well.”

Renaissance continues to make progress on its journey to become a major Mexican energy producer.

From Renaissance Oil Corp. / Craig Steinke / 27 de Noviembre de 2017

Mexico expects to hold a third oil and gas auction in 2018

25 October, 2017/Mexico’s bidding rounds, Mexico’s Energy Reform, News, Oil Operators

From: Reuters.com / OCTOBER 19, 2017 / 2:04 PM / Mariana Parraga

HOUSTON (Reuters) – Mexico’s oil regulator will likely add another auction in 2018 featuring conventional onshore oil and gas blocks, the head of the National Hydrocarbons Commission (CNH) said on Thursday, potentially teeing up a third tender in an election year. The bid terms will be announced later this year or in early 2018 while contracts will likely be awarded by the summer, said Juan Carlos Zepeda on the sidelines of a forum in Houston. The onshore tender is in addition to a deepwater Gulf auction expected to attract in January some of the world’s biggest producers, as well as a March shallow water auction.
A landmark 2013 constitutional energy reform championed by President Enrique Pena Nieto paved the way for the auctions, in which private firms can bid to operate oil and gas fields on their own. Before the reform, state-owned company Pemex had a monopoly on hydrocarbons production.
Depending on the winner, Mexico’s July 2018 presidential election could alter the pace and scope of future auctions, which are organized and supervised by the CNH, while the energy ministry designs the contracts and sets the schedule.

Zepeda added that so-called non-conventional blocks to produce shale oil and gas are also being analyzed for inclusion in an additional separate auction.
The CNH has run eight oil auctions to date, awarding 72 exploration and production contracts to more than 60 companies. The contracts are seen generating almost $61 billion in investment over their lifetime.

The 64 blocks to be offered in the two upcoming offshore auctions account for more than 65 percent of Mexico’s estimated resources. Along with the January bidding round, Pemex could also find a partner for the promising Nobilis-Maximino deeepwater project close to the U.S. maritime border.

A development plan for another large deepwater project, Trion between Pemex and Australia’s BHP Billiton, has not yet been submitted to the regulator, Zepeda said, but it is expected before year end.

UNITIZATION UNDERWAY
New regulation to establish how operators of two different blocks should produce oil from a single shared reservoir was recently finished by authorities and is now under public consultation, said Aldo Flores, Mexico’s deputy energy minister.

“The final version (of the regulation) should be ready by November,” Flores said.

The well Zama-1 containing over 1 billion barrels of oil in place discovered in July by U.S. firm Talos Energy and its partners in Mexico’s shallow water could extend into a Pemex area, Zepeda said.
“The first unitization case could be Zama, but it has not yet been officially presented (to authorities),” Zepeda said.

The reservoir unitization regulation will establish the need to nominate a single operator to produce oil in shared reservoirs even keeping two separate companies or consortia for each one of the blocks. The energy ministry will have the final word if the parties do not agree on how to develop the field.

From: Reuters.com / OCTOBER 19, 2017 / 2:04 PM / Mariana Parraga

Exclusive: Mexico plans second deepwater oil tie-up in Maximino, Nobilis areas – sources

24 April, 2017/News

Reporting by Adriana Barrera, Additional reporting by Alexandra Editing by Dave Graham and and Peter Cooney

“Mexican state-run oil company Pemex plans a second deepwater “farm-out” joint venture in the Maximino and Nobilis areas in the Gulf of Mexico where super light crude has been found near the U.S. border, two people familiar with the matter said.

Speaking this week, the people said Pemex [PEMX.UL] would likely seek approval in June from the National Hydrocarbons Commission, or CNH, the industry regulator, to launch a tender for partners with the aim of announcing a winner in December.

“Maximino-Nobilis may be assigned in December and we hope the CNH will announce it in June,” said one of the sources. The people spoke on condition of anonymity because the plans are not yet public.

A Pemex spokesman said the firm was looking for a partner to develop Maximino and Nobilis, and that the proposal would be submitted for approval by the board in the next few days. The CNH would then need to decide on the time frame, he added.

The farm-outs are a central pillar of the government’s efforts to lure investment to Mexico since Congress opened up the country’s long-closed oil and gas industry to private investment in a legislative drive between 2013 and 2014.

Under the farm-outs, Pemex cannot choose which company would help it develop each project. The ultimate decision lies with the CNH following a round of competitive bids.

The process allows Pemex to share the risks and rewards of expensive deepwater oil development projects.

Australian mining and energy company BHP Billiton (BHP.AX) in December won the right to partner with Pemex in the first deepwater farm-out for the Trion light oil field, less than 50 miles (80 km) from the U.S.-Mexico maritime border.

A separate, shallow water farm-out auction for the Ayin-Batsil field is due to take place in October.

Pemex has sunk two wells in Maximino at a depth of 3,000 meters (9,840 feet), discovering super light crude.

In September 2016, Pemex said it had found super light crude in its Nobilis-1 well, also at some 3,000 meters.

Both areas lie in the Perdido fold belt, like Trion.”

Thu Apr 20, 2017 | 6:57pm EDT

REUTERS

Mexico signed seven deepwater exploration and production contracts with private oil

13 March, 2017/News

Mexico’s National Hydrocarbons Commission (CNH) presided over the signing of seven deepwater exploration and production contracts on Friday, bringing an end to the country’s historic Round One series of oil auctions.

The contracts were for blocks located in the Gulf of Mexico: three in the Perdido Fold Belt, a 40,000 sq.-kilometer (15,450 sq.-mile) area located in the northwestern part of the Gulf; and four in the Saline Basin, situated in the southern part of the Gulf.

The blocks were all awarded in early December.

The seven contracts are in addition to one signed last week by Mexican state oil company Petroleos Mexicanos (Pemex), American oil supermajor Chevron Corp. and Japan’s Impex that marked the first time Pemex had formed a consortium to compete for a block under a 2013 energy-sector overhaul ending the company’s nearly eight-decade monopoly.

Each of the contracts has a 35-year life span, but they can be extended for additional periods of 10 years and then five years.

In the Perdido Fold Belt, a unit of China National Offshore Oil Corporation signed contracts for Block 1 and Block 4, while a consortium made up of the local unit of France’s Total and the United States’ Exxon Mobil Exploration signed one for Block 2.

In the Saline Basin, a consortium made up of Norway’s Statoil, the United Kingdom’s BP Exploration and Total’s local unit signed contracts for Block 1 and Block 3.

A consortium made up of a unit of Malaysia’s Petronas, PC Carigali Mexico Operations; and Mexico’s Sierra Offshore Exploration signed a contract for Block 4, while a consortium made up of US energy company Murphy Oil’s local unit, the UK’s Ophir Energy, PC Carigali and Sierra Offshore inked another for Block 5.

Mexico’s energy sector, which has suffered a steady decline in crude output for more than a decade, will receive a major boost from oil production giants as a result of the Round One auctions, Energy Secretary Pedro Joaquin Coldwell said.

The companies that signed the contracts “are fully qualified and have the capital and experience to undertake projects of these dimensions (in which) there is no room for experimentation or error,” Coldwell said.

The seven blocks encompass a total area of 17,000 sq. kilometers and contain prospective hydrocarbon reserves estimated at 2 billion barrels of crude oil equivalent.

Petroleumworld

03-13-2017

13 Companies prequalified for Mexico’s oil industry Round 2.1

23 January, 2017/News

As of January 16, 13 companies have initiated the prequalification process for Round 2.1, the shallow water exploration and extraction contract auction process that Mexico’s National Hydrocarbons Commission (CNH) intends to award in June 19 of this year. According to CNH’s website, the companies are:

US: Chevron, Conoco Philips, Hunt Overseas Oil Company, Noble Energy.
UK: BP, Premier Oil Exploration and Production, Shell (UK-Netherlands)
México: Citla Energy E&P, Sierra O&G.
Germany: Dea Deutsche Erdoel AG.
Italy: ENI.
Norway: Statoil.

The auction, originally planned for March 22, was postponed until June after CNH received formal requests from four interested companies. The R02-L01 process will tender 15 shallow water fields in the Gulf of Mexico, in the areas of Tampico-Misantla, Veracruz and the Southeastern Basin. The fields have an average 592 km2 area and 1,587 million boe in prospective resources. The first oil and gas production from these fields is expected to be delivered in 2020. A total of 23 companies have expressed interest in the process. The final companies that will participate in the auction will be announced by CNH on March 1.

Copyright: Oil and gas mexico

Mexico’s Pemex must take Minimum 45 pct Stake in Deep Water Venture

1 August, 2016/News

Mexico’s oil regulator on Wednesday said state-owned oil company Pemex must take a minimum 45 percent stake in its first-ever proposed joint venture with would-be private partners to develop oil reserves in the Gulf of Mexico’s deep waters.

Global oil majors are widely expected to bid in the December auction to help develop the Trion light oil field in the Perdido Fold Belt just south of Mexico’s maritime border with the United States.

Companies such as Royal Dutch Shell and Exxon Mobil operate lucrative developments in nearby U.S. waters while Mexico has yet to achieve commercial production on its side of oil-rich Perdido due to a lack of technical expertise to tap such fields.

The call for bids to partner with cash-strapped Pemex on Trion follows the constitutional energy reform enacted in 2013 which promised to reverse a decade-long slump in crude production by luring new players to explore for and produce oil.

The regulator said the Trion joint venture will be bid out in the form of a license contract, which is similar to a concession, and will include two operators, one of which must have between a 30 to 45 percent stake in the project.

Interested bidders have until Sept. 15 to pre-qualify for the auction by meeting both financial and technical minimum requirements, while the final version of the contract and bid terms will be published on Sept. 30.

The license contract to partner with Pemex on the project will be awarded on Dec. 5. Mexico will also auction 10 separate deep water fields, including four that surround Trion, in December.

Under the terms of the energy reform, Pemex can partner with companies in exploration and production projects, but rather than being allowed to pick its partners, they will instead be selected by an auction run by the oil regulator, known as the National Hydrocarbons Commission.

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