On 25 January 2018, the National Hydrocarbons Commission (CNH) published in the Federal Official Gazette international public bid number CNH-R03-L02/2018 (the Bid), directed at domestic and foreign companies as well as to State's productive companies for the exploration and extraction of hydrocarbons.
The Bid is comprised of 37 onshore conventional blocks distributed in three regions: (i) Burgos, (ii) Tampico – Misantla – Veracruz, and (iii) Cuencas del Sureste. These blocks cover an area of 9,513 km2, representing 1.5 times more than to prior onshore bids.
The Bid guidelines provide the technical, financial and experience requirements that interested companies must meet, as well as the schedule of events and a contract model.
The most relevant dates of the Bid are: