Jun 20, 2017 - payment) was applied to Block 9 since the bid offer on the. Government Participation on ... Talos Energy
June 20, 2017
ENERGY ALERT Bids for Round 2.1 (Shallow Water Blocks) took place on It’s worth mentioning that the untie mechanism (upfront cash payment) was applied to Block 9 since the bid offer on the Government Participation on the Operating Profit was equal to the maximum bid percentage considered for this block.
The bids for Mexico’s Round 2 Phase 1 (Shallow Water blocks) took place on June 19th, 2017. As for Round 2.1, out of the 36 prequalified companies (20 individual bidders and 16 consortiums), 20 bidders were registered for the proposal opening act.
The chart below includes a summary of the results of the bid (1st and 2nd place when applicable only):
Round 2.1, included 15 blocks to be awarded under a Production Sharing Contract, 10 of which received economic proposals and 5 had no offers.
Contractual Area
Bidder
Government Operating Profit Share
Investment Factor
Economic Bid Value
Cash Payment (USD)
1
No Bids Submitted
Dea Deutsche Erdoel AG Pemex Exploración y Producción
57.92%
1.00
63,493
ENI Mexico y Lukoil Int.
55.14%
1.50
63,261
2
3
No Bids Submitted
4
No Bids Submitted
5
No Bids Submitted
6
7
PC Carigali Mexico Operations, S.A de C.V. Ecopetrol Global Energy, S.L.
65.19%
Murphy Sur, S. de R.L. de C.V. Talos Energy Offshore Mexico 7 S. de R.L. de C.V. Ophir Mexico Limited
64.75%
ENI Mexico, S. de R.L. de C.V. Capricorn Energy Limited Citla Energy E&P S.A.P.I. de C.V.
75.00%
Repsol Exploración Mexico, S.A de C.V. Premier Oil Exploration and Production Mexico, S.A. de C.V. Sierra Perote E&P, S. de R.L. de C.V.
69.58%
1.00
71,178
1.00
70,713
1.50
84,825
1.00
75,819
Contractual Area
Bidder
Government Operating Profit Share
8
Pemex Exploración y Producción Ecopetrol Global Energy, S.L.
20.10%
9
Capricorn Energy y Citla Energy Citla Energy E&P S.A.P.I. de C.V.
75.00%
ENI Mexico, S. de R.L. de C.V.
75.00%
ENI Mexico, S. de R.L. de C.V.
75.00%
Dea Deutsche Erdoel AG Diavaz G y P S.A.P.I. de C.V.
68.73%
Repsol Exploración Mexico, S.A de C.V. Sierra Perote E&P, S. de R.L. de C.V.
62.28%
China Offshore Oil Corporation E&P Mexico, S.A.P.I de C.V
35.00%
12
LUKOIL International Upstream Holding B.V.
75.00%
13
No Bids Submitted
14
ENI Mexico, S. de R.L. de C.V. Citla Energy E&P S.A.P.I. de C.V.
37.27%
15
Total E&P Mexico S.A de C.V. Shell Exploracion y Extraccion de Mexico S.A. de C.V.
30.11%
10
11
Investment Factor
Economic Bid Value
1.00
20,100
1.50
84,825
1.50
84,825
1.50
84,825
-
68,730
-
62,280
-
35,000
1.00
81,550
Cash Payment (USD) $
30,003,333.33
$
20,470,500.00
-
37,270
-
30,110
In accordance with the Bidding Guidelines, Contract Awarding Resolution shall be published in the Mexican Official Gazette on June 21, at the latest, and within 90 days of said publication, the Contracts and shall be executed. It’s worth mentioning that the first and second place on each block, should maintain valid the Bid Bond for a period of 120 days. According to the Ministry of Energy, an investment of 8.2 billion USD is expected within the next 30 to 40 years as a result of the 10 Contracts awarded in Round 2.1.
Contacts: Alfredo Álvarez
[email protected]
José Fano
[email protected]
Rodrigo Ochoa
[email protected]
Yuri Barrueco
[email protected]
Enrique Perez Grovas
[email protected]
Elizabeth Ceballos
[email protected]
Javier Noguez
[email protected]
Salvador Meljem
[email protected]
Rodrigo Mondragón
[email protected] Jimena González de Cossío
[email protected]
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