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Concessions

Pan American Energy started to drill in the Hokchi-2 well

Mexico’s Energy Reform achieved a milestone this week; for the first time, Argentina-based Pan American Energy (PAE) — a non-Pemex operator– started to drill in the Hokchi-2 well.

Wednesday, November 9th, 2016
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Pemex has made changes to farm-out agreement

The State-Company has made eleven changes to the agreement for Trion field. The striking change is Pemex´s working interest (WI) reduction to 40%, according to a report in El Financiero. The oil-firm was requesting a 45% WI.

Thursday, September 29th, 2016
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CNH could postpone the first auction of a Farm-out agreement

The participation expectations of oil-companies have not been met for the National Hydrocarbons Commission (CNH), due to it has been very low.

According to a report in Millennium, the CNH will evaluate whether postpones auction of Trion field, which is initially planned for next December 5th.

Thursday, September 22nd, 2016
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CNH reduces areas assigned to Pemex

The National Hydrocarbons Commission (CNH) approved reducing 15 areas that were assigned to Pemex in the Round Zero, after the Federal Government determined that there are natural reserves that cannot be exploited.

Friday, September 16th, 2016
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Federal Government releases economic conditions for Trión

The Secretariat of Finance and Public Credit (SHCP) announced the additional royalty values for the Trión block. According to Reuters, the maximum and minimum values are 4% and 3% respectively. On 5 December the bidding of this field will take place.

Tuesday, September 13th, 2016
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Next rounds will be done at the same time

Next rounds will be done at the same time

Rounds 1.4 (deep water), 2.1 and 2.2 (offshore) will be held at the same time, an article in Dinero en Imagen highlights.

Monday, August 22nd, 2016
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Changes for Round Two were released

Secretary of Energy (Sener), the Secretary of Finance and Public Credit (SHPC) and the National Hydrocarbons Commission (CNH) in a statement made public the modifications of the model contracts and the bidding bases for exploration and extraction of hydrocarbons in the Gulf of Mexico.

Wednesday, August 3rd, 2016
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There is a date for Round Two

Mexican Government has announced that Round Two will be held on March 22, 2017. Mexican authorities are looking to grant oil contracts for US$11.250M.

Tuesday, July 26th, 2016
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Fourth tender generates big expectations

The global consulting firm IHS expects a positive response from foreign investors in next Mexican Round of bidding. The government will bid E&P offshore areas in the Gulf of Mexico.

Friday, July 22nd, 2016
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Lakach project could start again

Pemex has delayed the project in the Lakach gas field for various difficulties over the last years but according to a report in Imagen del Golfo, Mayor of Alvarado, Octavio Ruiz Barroso said that the company could restart this important plan in coming months.

Thursday, June 30th, 2016
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