In connection with the tender procedure CNH-R01-L04/2015 for exploration and extraction contracts in deep waters, on September 06, 2016, the Finance Ministry (“SHCP”) released the Minimum Values for Additional Royalties to apply in the economic proposals to be filed by bidders on December 05, 2016.
Pursuant to the bidding guidelines for the above mentioned tender procedure, the economic proposal to be submitted by bidders is composed by:
(i) Value of the Additional Royalty for the State, and
(ii) Additional Investment Factor for the minimum work program provided for each contractual area.
In this regard, the Minimum Values for Additional Royalties that will apply for this tender procedure are as follows:
| Contractual Areas | Minimun Value of the Additional Royalty |
| 1 to 4 | 3.1% |
| 5 to 10 | 1.9% |
In connection with the Additional Investment Factor for the minimum work program, please be advised that such factors and values are already included in the bidding guidelines, specifically in point 16.2.
The lawyers of the energy, mining and infrastructure area of our firm are available for any questions or comments on the above.
YOURS TRULY
| Daniel Del Río | delrio@basham.com.mx |
| Juan C. Serra | serra@basham.com.mx |
| Jorge E. Escobedo | jescobedo@basham.com.mx |
| Alejandra Pages | apages@basham.com.mx |
Mexico City, September 8th 2016.
