Blog & Legal Updates


Mexico’s National Hydrocarbons Commission Announces Bid Process for Round 2.2 Which Will Include 12 Oil and Gas Fields

Mexico’s oil regulator, National Hydrocarbons Commission (Comisión Nacional de Hidrocarburos “CNH”), has announced the second open bid process of Round 2. Round 2.2 includes 12 onshore oil and gas fields with prospective resources of approximately 643.2 million barrels of crude equivalent.

Nine of the 12 blocks are located in the Burgos Basin in northern Tamaulipas and northern Nuevo León, and some of those fields are just a few miles from the Texas border. The other three blocks are located in the Southeastern Basin in northern Chiapas and Tabasco.

Twelve license agreements for onshore production of hydrocarbons will be awarded in Round 2.2. The Agreements will be awarded for an initial term of 30 years, but may be extended for two additional terms of five years each, for a maximum total of 40 years.

Key dates in the Round 2.2 bid process are as follow:

Registration and Payment to CNH for Data Room Access

Sept. 5 to Dec. 8, 2016

Registration in CNH to Access the Data-Room

Sept. 5 to Dec. 5, 2016

Data Room Access

Sept. 5, 2016 to Apr. 4, 2017

Delivery of Prequalification Documents to CNH

Dec.19, 2016 to Dec. 23, 2016

Publication of the List of Prequalified Bidders

March 8, 2017

Final Version of the Bidding Rules and the Model License Agreement

March 8, 2017

Date for the Submission of Proposal and Declaration of Awarding Bidders

April 5, 2017

Issuance of the Award and Request for Its Publication

April 7, 2017

For additional information or assistance with the bid process, contact Mexico Energy attorneys Jose Luis Carbonell or Javier Lopez at (210) 202-2315.
 


Jose Luis Carbonell
Shareholder / Director
 
Chair, International

       915.546.8249

Javier Lopez
Attorney / Shareholder
       210.202.2315

 
 

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