On September 18, 2017, the National Hydrocarbons Commission (“CNH”) published, the call for bidding procedure CNH-A5-NOBILIS-MAXIMINO-C4-2017, which purpose is the selection of partner so the State Owned Productive Company, PEMEX Exploration and Production, may jointly exploit with a partner, the block described below.

Bidding Block:

Name Location Prospective Resources(million barrels) Property of resources
Nobilis-Maximino Mexican Gulf 627.0 light oil

Location:

Bidding guidelines for the above referred bidding procedures, as well as their model contracts, are already published in CNH official website.

Calendar:

Final bidding calendar December 20, 2017
Period to request access to virtual data room September 18, 2017 – November 03, 2017
Access to virtual data room September 18, 2017 – January 30, 2018
First clarification stage September 18, 2017 – October 23, 2017
Second clarification stage September 18, 2017 – October 23, 2017
Third clarification stage September 18, 2017 – December 14, 2017
Inscription payment and prequalification appointment September 18, 2017 – November 03, 2017
Reception of prequalification documents November 06, 2017 – November 10, 2017
Review of prequalification documents November 13, 2017 – December 15, 2017
Prequalified companies’ publication December 20, 2017
Period to request CNH authorization to conform bidders January 11, 2018 – January 12, 2018
Filing of proposals January 31, 2018

Bidding Guidelines Specifications / Model Contract:

  • To participate, an information license use will be required for an amount equal or greater to $3,700,000.00 (three million seven hundred thousand pesos).
  • Experience as operator in at least 1 project for ultra-deep waters with depths of at least 1,500 meters during the last 10 years must be proved.
  • Production in deep waters or ultra-deep waters with an annual average greater or equal to 50,000 barrels of crude equivalent oil between 2012 – 2016 must also be proven.
  • Experience in industrial safety matters and environmental protection during the past 5 years must be proven, as well as experience in the implementation and operation of management systems, industrial safety and environmental protection in exploration and extraction projects.
  • Sufficient capital: (i) countable capital of at least USD 5,000 billion; (ii) assets with a value of at least USD 25 million and a credit investment degree.
  • Capital investments in exploration and/or extraction projects of at least USD 2,000 billion.
  • For Non-Operators. Countable capital of at least USD 250 million.

Model contract to be implemented is license contract.