4th Call: Round 1 Bidding Guidelines and Model Contract

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