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 comprises 109 blocks for exploration and 60 blocks for production, and includes new areas of different sizes and types of resources, including: (i) deep-water; (ii) shallow-water; and (iii) on-shore fields. Together, these blocks cover approximately 28,500km2. The first international public bid of Round 2 comprises 15 blocks for exploration and productions, and includes new areas of different sizes, as described below.
As previously reported, the National Hydrocarbons Commission (Comisión Nacional de Hidrocarburos) (“CNH”) called four international public bids: one for 14 exploration and production blocks in shallow waters, another for 9 production blocks in shallow waters, another for 26 onshore production blocks, and another for 10 exploration and production blocks in deep waters. The winners were awarded production sharing contracts in the first two public bids and with license contracts in the last two, respectively.
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