Mexico’s Energy Reforms – Round 1 Update: More Participating Companies

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As an additional update to the bulletin published on 2 February 2015, we are sending this follow up regarding additional companies participating in Mexico’s Licensing Round 1 shallow water oil and gas tender.

According to the Comisión Nacional de Hidrocarburos (e.g., the National Hydrocarbons Commission; “CNH”), as of Tuesday, February 17, 20151, seven (7) additional companies have procured access to the data rooms from CNH in preparation for Mexico’s Licensing Round 1 shallow water tender. According to the CNH, the following additional companies have been qualified to receive access to the Round 1 data room: Petróleo Brasileiro México, S. de R.L. de C.V.; Hess New Ventures Limited; Casa Exploration, L.P.; Galp Energia E&P B.V.; Statoil E&P México, S.A. de C.V.; LUKOIL Overseas Netherlands B.V.; and Total S.A.

The cost for accessing the data rooms is MXN $5.3 million (approximately US $355,000.00).

According to the CNH, a total of twenty-six (26) companies have requested access to the data rooms and a total of thirty-eight (38) companies have demonstrated interest in obtaining access to the data rooms for Mexico’s Licensing Round 1 shallow water tender.2

Primary source: http://www.cnh.gob.mx/.

1However, according the CNH website at http://www.ronda1.gob.mx/seguimiento.html, the seven (7) additional companies are listed as having been approved as of February 6, 2015.

2http://www.ronda1.gob.mx/seguimiento.html

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

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