Tag Archive for: Round One

4th Call: Round 1 Bidding Guidelines and Model Contract

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We are pleased to report that today Deceber 17th of 2015, The Energy Ministry (SENER) published the bidding guidelines and model contract for the 4th phase of Round 1, which provides the awarding for the exploration and extraction of hydrocarbons in Deep Waters, which will be held in the 3rd quarter of 2016.

In this 4th edition the National Hydrocarbons Commission, shall tender 10 areas located in the Gulf of Mexico; 6 in the region of the “Cuenca Salina”, and 4 in the call “Cinturón Perdido de Plegado”, where depths range from 500 meters to 3,000 meters of water depth.

The operating companies will combine assets 10,000 million (MDD), or equity account of 2,000 million dollars, in addition to experience in drilling at least 1,000 meters deep between 2011-2015 and investments in deepwater projects for 2,000 million dollars.

Meanwhile SENER already preparing the fifth stage of the Round One that will include areas with unconventional resources such as Chicontepec and Tampico Misantla.

For more information consult www.ronda1.gob.mx

 

aguas profundas Ronda 1

Mexico’s oil regulator awards, onshore contracts

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winners

We are pleased to inform the results of the proposals opening of the third phase of Round One Tender, which bid a total of 25 onshore fields and was attended by 40 national and international companies.

It should be noted that the judgment will take place on December 17th.

 

Winners Round 1 area I

Winners Round 1 Area II

 

 

New Insurance Regulations for Oil Companies

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The cost of operating safely will be assumed by the oil companies working in Mexico.

Contracts that are signed for the second and third calls, require the acquisition of policies to ensure that activities in the petroleum industry are covered.

In the first contest of Petrolium Round One, the companies agreed that the insurance contracts shall include liability for damages to third parties in their property and persons, including environmental responsibility.

Also, in well control, damage to generated materials and staff.

In the second round, where you compete for five oil contracts in the shallow waters of the Gulf of Mexico, the same criteria was applied, but they included limitations on the amounts.

Before starting to drill wells, the contractor shall demonstrate that the coverages acquired for the concepts (liabilities and well control) add up to at least one billion dollars in insured amount per event or occurrence.

The minimum amounts required for the concepts described will be 700 and 300 million dollars respectively”, as designated in the contract model.

“In addition, the company’s contract must include coverages with possible hydrocarbon leaks with containment and well control systems.”

In contrast, the third call, considers 25 contracts for jobs on land and does not include these details.

Copyright : Reforma

 

Insurence