Fourth Tender, Round Two

Publicada en Publicada en English, Oil & Gas

In reference to the tenders called by the National Hydrocarbons Commission (“CNH”) regarding the awarding of Exploration and Extraction of Hydrocarbons Contracts (“E&E Contracts”). On July 19, 2017, the Energy Ministry and CNH announced the Fourth Tender of Round Two (CNH-R02-L04/2017), which compels 30 Contractual areas located within the regions known as: (i) Plegado Perdido, and (ii) Cordilleras Mexicanas, (iii) Cuenca de Salina, and (iv) Plataforma de Yucatán.

Those areas have the following characteristics:

Area

Bided blocks

Resources

Depths (meters)

Plegado Perdido

9

949 million barrels of crude equivalent oil

500 – 2,000

Cordilleras Mexicanas

10

1,992 million barrels of crude equivalent oil

400 – 2,000

Cuenca de Salinas

10

1,287 million barrels of crude equivalent oil

400 – 2,500

Yucatan coasts

1

pending to have a final evaluation of the average resources

Pending to be evaluated

 

The prospective resources of these 30 areas is equal to 64% of the marine resources included in the five-year term exploration and extraction biding plan.

Calendar:

Invitation announcement and Bidding Guidelines

July 20, 2017

Updated Bidding Guidelines

December 20, 2017

Request and payment to Access virtual data room

July 20, 2017 – November 03, 2017

Access to virtual data room

July 20, 2017 – January 30, 2018

First clarification stage

July 20, 2017 – October 26, 2017

Second clarification stage

July 20, 2017 – November 01, 2017

Third clarification stage

July 20, 2017 – December 20, 2017

Bid registration and payment and prequalification requirement submission

July 20, 2017 – November 03, 2017

Prequalification documents reception

November 06, 2017 – November 10, 2017

Review of prequalification documents

November 13, 2017 – December 15, 2017

Release of prequalified companies

December 20, 2017

Authorization requirements to conform bidders

January 11, 2018 – January 12, 2018

Filing of proposals

January 31, 2018

 

General Information:

1. License Contract will be the model use for the Contractual Areas where companies, after extracting the hydrocarbons and paying taxes and royalties, will be entitled to sell them.
2. Technical capacity:
• One exploration and/or extraction of hydrocarbons project in deep or ultra-deep waters with a depth greater to 500 meters, during the last 5 years.
• Investments in exploration and/or extraction projects that, jointly should be of al least USD 2.0 billion.
• Experience in matters related to industrial safety and environmental protection, during the last 5 years.
3. Financial capacity:
• Countable capital equal or greater than USD $2.0 billion, or
• Assets greater or equal than USD 10.0 Billion, plus a credit qualification with investment grade.
4. For non-operators, Accountable capital equal or greater than USD $250 million.
5. Seriousness guarantee of USD $3.0 billion.
6. Operators and non-operators prequalified under Round 1.4 may prequalify by:
• Filing evidence related to the payment of information use licenses throughout CNIH (which is not a requirement for those prequalified as non-operators).
• Registering to the bid process.
• Filing a writ pursuant to the bidding guidelines declaring that the documents submitted under tender 1.4, used to prove the prequalification requirements continue in the same terms and comply with the bidding guidelines requirements.

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The lawyers of the energy, mining and infrastructure area of our firm are available for any questions or comments on the above.

 

Juan C. Serra
serra@basham.com.mx

Jorge E. Escobedo
jescobedo@basham.com.mx

Jorge Garay
jgaray@basham.com.mx

 

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