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 March 2018, CNH announced the Third Tender of Round Three (CNH-R03-L03/2018), which compels 9 conventional and non-conventional contractual onshore areas located within the region known as Burgos.

Resources include: (i) wet gas and (ii) dry gas.

Contractual areas for Round 3.3 include 53 million barrels of conventional prospective resources and 1.6 billion of non-conventional prospective resources within a surface of 1,704 square meters.

As per the information released by the Energy Ministry (“SENER”) the region in which the contractual area is located already has industrial infrastructure, such as: (i) the Cadereyta oil Refinery; (ii) 45 industrial parks in Tamaulipas and 126 in Nuevo Leon; (iii) 6 powers plants; (iv) 18 exploratory wells; (v) Matamoros and Tampico ports; (vi) gas pipelines known as Tamaulipas and Los Ramones.

Calendar:

Invitation announcement and Bidding Guidelines March 02, 2018
Updated Bidding Guidelines August 03, 2018
Request and payment to Access virtual data room March 05, 2018 to June 12, 2018
Access to virtual data room March 05, 2018 to June 12, 2018
Visits to contractual areas June 19, 2018 to August 31, 2018
First clarification stage March 02, 2018 to June 04, 2018
Second clarification stage March 02, 2018 to June 07, 2018
Third clarification stage March 02, 2018 to July 07, 2018
Bid registration and payment and prequalification requirement submission March 02, 2018 to June 14, 2018
Prequalification documents reception June 19, 2018 to June 22, 2018
Review of prequalification documents June 25, 2018 to August 01, 2018
Release of prequalified companies August 03, 2018
Authorization requirements to conform bidders August 08, 2018 to August 09, 2018
Filing of proposals September 05, 2018

Prequalification Specifications:

For Operators:

  • Experience as operator in at least one exploration and/or extraction project in onshore areas during the past five years, or
  • Experience of the proposed team in management areas of at least 10 years in exploration / extraction projects in onshore areas.
  • Investments in exploration / extraction projects of at least 100 million USD.
  • Capital of at least 100 million USD.

For Non-Operators.

  • Capital of at least 50 million USD.

For Round 3.1 the model contract to be use will be License Contract.