On 6 March 2018, DEA Deutsche Erdoel AG was granted an official award by the CNH for the CNH-A4.Ogarrio/2018 contract from the CNH-A4-Ogarrio/2017 farm-out bid round for the 156.27 sq km Ogarrio block in the onshore Sureste Basin.Â  DEA Deutsche Erdoel has a 50% working interest in the contract and is the operator and PEMEX has a 50% non-operated working interest. The contract is a license contract with a 25 year development phase and two possible five year extension periods.Â  The minimum work program has been set at 5,620 work units equivalent to USD 6.09 million at an oil price of between USD 60 to USD 65/bbl.Â  PEMEX has its 50% working interest carried up to USD 190 million of expenditures.Â  The JOA for the Ogarrio license contract has DEA Deutsche paying PEMEX a fee of USD 190 million for previous work conducted in the block.Â  Â 
Dea will take a 50%+op. share in the CNH-A4-Ogarrio/2017 block (Ogarrio oilfield),