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-TM-01/2017 contract from the CNH-RO2-LO3/2016 Bid Round.Â  The CNH-RO2-L03-TM-01/2017 contract is also known as the Area 5, TM-01 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 block.Â  The 72.40 sq km CNH-RO2-L03-TM-01/2017 contract has a total financial commitment of USD 42.2 million, USD 16.1 million in work commitments including two additional wells plus the tie-break bonus of USD 26.10 million. Â  On 12 July 2017 Jaguar Exploracion was the high bidder in the CNH-RO2-LO3/2016 Bid Round for the Area 5 block in the Tampico-Misantla Basin and was granted a preliminary award. Â  For the 72.40 sq km Area 5 block Jaguar offered the maximum additional royalties of 40% and 1.5 work unit factor equivalent to two additional wells.Â  There were seven other bids for the block and six offered the same royalties and work units so ended in a tie.Â Â  Jaguar won the tie break with a bonus bid of USD 26.1 million beating the 2nd place bonus offer from DEP PYG who offered a bonus of USD 5.002 million. Â  Â Jaguar has 100% working interest in the contract. 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.2 op. by PEMEX (50.0%, RWE 50.0%) to be check.12 op. by LUKOIL (100.0%) to be check.7 op. by ENI SPA (45.0%, CAIRN EN 30.0%, CITLA 25.0%) to be check.