On 8 December 2017, Jaguar Exploracion y Produccion de Hidrocarburos, S.A.P.I. de C.V. signed the contracts with the CNH and was granted official final awards for the CNH-RO2-L03-CS-01/2017 and CNH-RO2-L03-CS-06/2017 contracts from the CNH-RO2-LO3/2016 Bid Round.Â  The CNH-RO2-L03-CS-01/2017 contract is also known as the Area 9, CS-01 block.Â  The CNH-RO2-L03-CS-06/2017 contract is also known as the Area 14, CS-06 block.Â  Jaguar formed a separate subsidiary, Jaguar Exploracion y Produccion 2.3, S.A.P.I. de C.V. with 100% working interest as the official designated operating company for the blocks.Â  The 95.20 sq km CNH-RO2-L03-CS-01/2017 contract has a total financial commitment of USD 66.19 million, USD 37.3 million in work commitments including two additional wells plus the tie-break bonus of USD 28.89 million.Â  The 148.20 sq km CNH-RO2-L03-CS-06/2017 contract has a total financial commitment of USD 33.4 million all for work commitments including two additional wells. On 12 July 2017, Jaguar Exploracion was the high bidder in the CNH-RO2-LO3/2016 Bid Round for the Area 9 and Area 14 blocks in the Sureste Basin and was granted preliminary awards. Â  For the 95.20 sq km Area 9 block there were eight other bids with seven offering the maximum additional royalties and work units factor.Â  Jaguar offered the maximum additional royalties of 40% and 1.5 work unit factor equivalent to two additional wells.Â  It won the tie-break for the block with a bonus offer of USD 28.89 million after the second highest bid by Promotora y Operadora, and Consorcio 5M offered a bonus of USD 10.12 million.Â Â  The Area 9 block was the most contested in the bid round.  For the 148.20 sq km Area 14 block there were three bids.Â  Jaguar offered the maximum additional royalties of 40% and 1.5 work unit factor equivalent to two additional wells.Â  It beat the second-place bid from Perseus who offered 40% additional royalties but only 1.0 work units factor or one well. Jaguar has 100% working interest in the contracts. The general license contract terms include a 1st exploration period of two years with the possibility of a two-year extension.Â  In the case of a discovery the operator can request a two-year evaluation phase for oil and a three-year evaluation phase for non-associated gas discoveries once the evaluation plan is approved.Â  The total contract term is for 30 years with the possibility of two five year extensions for a 40-year total contract term from signature date. The base royalty rate is a sliding scale royalty depending on type of hydrocarbon and oil price.Â  The values for oil range from 5% for USD 40/bbl oil to 25% for USD 200/bbl oil.Â  The relinquishment schedule is tied to exploration well commitments.Â  If the exploration period ends but the operator offers to drill an additional well it doesnât have to relinquish any area.Â  If the exploration period ends and the contractor doesnât have any discoveries it must relinquish 100%.Â  If the exploration period ends and the operator doesnât offer to drill an additional exploration well it will have to relinquish 50% of the area.Â  Local content during the exploration period is 26% for the exploration and evaluation period, and varies from 27% to 38% in the development period.
Mexico (Campeche Deep Sea B.) (It's a petroleum rights. Please summarize by yourself). In IHS database: 10 op. by ENI SPA (100.0%) to be check.12 op. by LUKOIL (100.0%) to be check.14 op. by ENI SPA (60.0%, CITLA 40.0%) to be check.Area 14 op. by TOTAL (50.0%, EXXONMOBIL 35.0%, STATOIL 15.0%) to be check.6 op. by PETRONAS (50.0%, ECOPETROL 50.0%) to be check.9 op. by OTP (49.0%, ETAP 51.0%, TPS 0.0%) to be check.