On June 19, 2017, the National Hydrocarbons Commission carried out the filing of the economic proposals act related to the biding process CNH-R02-L01/2016 for the awarding of production sharing contracts for exploration and extraction of hydrocarbons in shallow waters.

Pursuant to the results of the bid procedure, 10 contractual areas, from a total of 15, were awarded to different companies and consortiums. The remaining 5 areas may be contested by federal government in future bid procedures.

Awarded areas:

Area Company State Participation if the operative Profitability Additional Investment Factor Total Value
2 DEA Deutsche and PEMEX 57.92 1.0 83.49.3
6 PC Carigali and Ecopetrol Global 65.19 1.0 71.178
7 ENI México, Capricorn Energy and Citla Energy 75.00 1.5 84.825
8 PEMEX and Ecopetrol 20.10 0.0 20.100
9 Capricorn Energy and Citla Energy E&P 75.00 1.5 84.825
10 ENI México 75.00 1.5 84.825
11 Repsol Exploración and Sierra Perote 62.28 0.0 62.280
12 Lukoil International Holding Upstream 75.00 1.0 81.550
14 ENI México and Citla Energy 32.27 0.0 32.270
15 Total E&P and Shell 30.11 0.0 30.110

Contracts derived from the awards represent investments of approximately USD $8.2 billion during the next 30 – 40 years.

It is important to mention that, derived from the offers made by winning bidders, especially regarding State Participation in the Operative Utility, the State will receive, on average, between 77.4% and 83.9% of the generated utilities, as well as a cash payment of 30 million dollars for a tie related to contractual area No. 9.