On 31 January 2018, the CNH concluded the successful CNH-RO2-LO4/2017 Bid Round or Ronda 2.4 for 29 deep water blocks granting preliminary awards for 19 blocks out of 29 on offer covering a total of 44,177.89 sq km.Â  There were six of nine blocks in the Perdido area bid on, four out of 10 blocks on offer in the Mexican Ridges Province, and nine out of the 10 blocks on offer in the Salina Basin and these had the two most contested blocks in the bid round.Â  Total work commitments estimated from the 23 wells bid is USD 1.3 bilion and there were two tie-break bonus bids that resulted in a total of USD 525.03 million offered to the state.Â  A total of 39 bids were made for the 19 blocks bid on by 18 out of 21 companies that were qualified to participate in the round.Â  There were 14 blocks with additional bids, most with just two bids, but two blocks had five and four bids, and one block had three bids.Â  Some companies were very aggressive in the round bidding the maximum additional royalties and significant bonus while others were very cautious.Â  The most aggressive bidders in the round were Shell, Repsol, and PC Carigali and PEMEX.Â  PEMEX won four blocks individually or in consortium with another six bids that did not win a block.Â  Shell placed the most bids in the round with 13, nine as winning bids.Â  See tables and map below.Â Â Â   Preliminary Results for Ronda 2.4 with Estimated Working Interest for Companies in Consortia â 31 January 2018 Â  Basin CNH - Block - Area CNH - Block - Area Nomenclature from Shapefile Area sq km Awarded Area sq km CNH - Basin Nomenclature Winning Company or Consortium, Est WI% Royalties Bid % Add Work Factor Bid No of Wells:Â Â Â  0, 1 = 1 well, 1.5 = 2 wells Total Estimated Work Commitments USD Bonus Offered in Tie Situations USD Number of Bids 2nd Bid Consortium 2nd Bid Add Royalties % 2nd BidÂ  Additional Work   Factor Bonus 2nd Bid Deep Water Gulf of Mexico (Perdido Area) Area 1 AP-P-G01 Â Â Â Â Â Â Â Â Â Â Â Â  1,988.01  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    -Â  Â  Perdido No Bids Â  Â  Â  Â  0 Â  Â  Â  Â  Deep Water Gulf of Mexico (Perdido Area) Area 2 AP-P-G02 Â Â Â Â Â Â Â Â Â Â Â Â  2,146.19  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    2,146.19  Perdido Shell (50%), PEMEX (50%) 15.02 1 Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    58,900,000  Â  3 CNOOC 11.45 0 Â  Deep Water Gulf of Mexico (Perdido Area) Area 3 AP-P-G03 Â Â Â Â Â Â Â Â Â Â Â  2,061.82  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    2,061.82  Perdido Shell (50%), QPI (50%) 10.03 Â  Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    10,400,000  Â  2 PEMEXÂ  (50%), CNOOC (50%) 7.01 0 Â  Mexican Ridges Province Area 4 AP-P-G04 Â Â Â Â Â Â Â Â Â Â Â Â  1,900.18  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    1,900.18  Perdido Shell (50%), QPI (50%) 10.03 1 Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    58,900,000  Â  2 PEMEX 5.95 0 Â  Mexican Ridges Province Area 5 A&B AP-P-G05-A&B Â Â Â Â Â Â Â Â Â Â  2,732.72  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    2,732.72  Perdido PEMEX (100%) 6.23 1 Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    58,900,000  Â  1 Â  Â  Â  Â  Mexican Ridges Province Area 6 AP-P-G06 Â Â Â Â Â Â Â Â Â Â Â  1,890.63  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    1,890.63  Perdido Shell (50%), QPI (50%) 20 2 Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    107,400,000  Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  10,030,382  1 Â  Â  Â  Â  Mexican Ridges Province Area 7 AP-P-G07 Â Â Â Â Â Â Â Â Â Â Â  1,967.93  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    1,967.93  Perdido Shell (50%), QPI (50%) 20 2 Â $Â  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 107,400,000    Â $Â Â Â Â Â Â Â Â Â  90,030,382.00  2 CNOOC (50%), PC Carigali (50%) 5.01 0 Â  Mexican Ridges Province Area 8 AP-P-G08 Â Â Â Â Â Â Â Â Â Â Â  2,061.73  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    -Â  Â  Perdido No Bids Â  Â  Â  Â  0 Â  Â  0 Â  Mexican Ridges Province Area 9 AP-P-G09 Â Â Â Â Â Â Â Â Â Â  2,008.66  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    -Â  Â  Perdido No Bids Â  Â  Â  Â  0 Â  Â  Â  Â  Mexican Ridges Province Area 10 AP-CM-G01 Â Â Â Â Â Â Â Â Â Â Â  1,999.29  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    1,999.29  Cordilleras Mexicanas Repsol (33.34%), PC Carigali (33.33%), Ophir (33.33%) 20 2 Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    103,500,000  Â $Â Â Â Â Â Â Â Â Â  30,247,805.67  2 Shell (50%), QPI (50%) 11.03 1 Â  Mexican Ridges Province Area 11 AP-CM-G02 Â Â Â Â Â Â Â Â Â Â Â  2,001.53  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â -Â  Â  Cordilleras Mexicanas No Bids Â  Â  Â  Â  0 Â  Â  Â  Â  Mexican Ridges Province Area 12 AP-CM-G03 Â Â Â Â Â Â Â Â Â Â  3,099.43  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    3,099.43  Cordilleras Mexicanas PC Carigali (33.34%), Ophir (33.33%), PTTEP (33.33%) 20 1 Â $Â Â Â Â Â Â Â Â Â Â  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 54,800,000  Â  2 Shell (50%), QPI (50%) 9.03 1 Â  Mexican Ridges Province Area 13 AP-CM-G04 Â Â Â Â Â Â Â Â Â Â Â  1,967.02  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    -Â  Â  Cordilleras Mexicanas No Bids Â  Â  Â  Â  0 Â  Â  Â  Â  Mexican Ridges Province Area 14 AP-CM-G05 Â Â Â Â Â Â Â Â Â Â Â  2,241.83  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    2,241.83  Cordilleras Mexicanas RepsolÂ  (50%), PC   CarigaliÂ  (50%) 19.98 Â  Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    6,100,000  Â  2 Shell (50%), QPI (50%) 5.03 Â  Â  Mexican Ridges Province Area 15 AP-CM-G06 Â Â Â Â Â Â Â Â Â Â Â  2,041.92  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    -Â  Â  Cordilleras Mexicanas No Bids Â  Â  Â  Â  0 Â  Â  Â  Â  Mexican Ridges Province Area 16 AP-CM-G07 Â Â Â Â Â Â Â Â Â Â  2,047.37  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    -Â  Â  Cordilleras Mexicanas No Bids Â  Â  Â  Â  0 Â  Â  Â  Â  Mexican Ridges Province Area 17 AP-CM-G08 Â Â Â Â Â Â Â Â Â Â Â  3,009.71  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    -Â  Â  Cordilleras Mexicanas No Bids Â  Â  Â  Â  0 Â  Â  Â  Â  Mexican Ridges Province Area 18 AP-CM-G09 Â Â Â Â Â Â Â Â Â Â Â  2,917.09  Â Â Â Â Â Â Â Â Â Â Â Â Â  Â Â Â Â Â Â Â 2,917.09  Cordilleras Mexicanas PEMEX (100%) 7.11 1 Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    54,800,000  Â  1 Â  Â  Â  Â  Mexican Ridges Province Area 19 AP-CM-G10 Â Â Â Â Â Â Â Â Â Â  3,003.07  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    -Â  Â  Cordilleras Mexicanas No Bids Â  Â  Â  Â  0 Â  Â  Â  Â  Campeche Deep Sea Basin Area 20 AP-CS-G01 Â Â Â Â Â Â Â Â Â Â  2,079.50  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    2,079.50  Salina Shell (100%) 20 2 Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    106,700,000  Â $Â Â Â Â Â Â Â Â Â Â Â  90,154,514.03  2 PEMEX 6.11 Â  Â  Campeche Deep Sea Basin Area 21 AP-CS-G02 Â Â Â Â Â Â Â Â Â Â  2,029.74  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    2,029.74  Salina Shell (100%) 20 2 Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    106,700,000  Â $Â Â Â Â Â Â Â Â Â Â  110,154,514.03  4 Chevron (33.34%), PEMEX (33.33%), ONGC (33.33%) 20 2 Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  42,100,101.00  Campeche Deep Sea Basin Area 22 AP-CS-G03 Â Â Â Â Â Â Â Â Â Â  2,878.99  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    2,878.99  Salina Chevron (33.34%), PEMEX (33.33%), Inpex (33.33%) 18.44 1 Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    59,200,000  Â  2 BHP 6.55 Â  Â  Campeche Deep Sea Basin Area 23 AP-CS-G04 Â Â Â Â Â Â Â Â Â Â Â  1,852.86  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    1,852.86  Salina Shell (100%) 10.08 1 Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    59,200,000  Â  2 Chevron (33.34%), PEMEX (33.33%), Inpex (33.33%) 13.44 Â  Â  Campeche Deep Sea Basin Area 24 AP-CS-G05 Â Â Â Â Â Â Â Â Â Â Â Â  1,921.93  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    1,921.93  Salina ENIÂ  (50%), QPIÂ  (50%) 9.53 1 Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    59,200,000  Â  1 Â  Â  Â  Â  Campeche Deep Sea Basin Area 25 AP-CS-G06 Â Â Â Â Â Â Â Â Â Â Â  2,106.97  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    2,106.97  Salina PC Carigali (100%) 19.98 Â  Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    11,700,000  Â  1 Â  Â  Â  Â  Campeche Deep Sea Basin Area 26 AP-CS-G07 Â Â Â Â Â Â Â Â Â Â  2,030.40  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    2,030.40  Salina PC Carigali (100%) 20 1 Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    59,200,000  Â  2 BP (50%), StatoilÂ  (50%) 13.37 Â  Â  Campeche Deep Sea Basin Area 27 AP-CS-G08 Â Â Â Â Â Â Â Â Â Â Â Â Â  2,118.14  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    -Â  Â  Salina No Bids Â  Â  Â  Â  0 Â  Â  Â  Â  Campeche Deep Sea Basin Area 28 AP-CS-G09 Â Â Â Â Â Â Â Â Â Â  3,066.83  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    3,066.83  Salina Shell (100%) 20 2 Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    106,700,000  Â $Â Â Â Â Â Â Â Â Â Â Â  43,154,513.03  2 PC Carigali 19.98 Â  Â  Campeche Deep Sea Basin Area 29 AP-CS-G10 Â Â Â Â Â Â Â Â Â Â  3,253.64  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    3,253.64  Salina Repsol (25%), PC Carigali (25%), Sierra Nevada (25%), PTTEP (25%) 20 2 Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    106,700,000  Â $Â Â Â Â Â Â Â Â  151,253,352.89  5 ENI (33.34%), QPI (33.33%), Citla Energy (33.33%) 20 2 Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â  86,723,456.00  Totals Â  Â  Â  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    44,177.98  Â  Â  Â  23 Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  1,296,400,000.00    Â $Â Â Â Â Â Â  525,025,463.65  39 Â  Â  Â  Â  Source: IHS Markit Â  Â  Â  Â  Â  Â© 2018 IHS Markit Â  Â  Â  Â  Â  Â  Â  Â  Â  Â  Preliminary Results for Ronda 2.4 â Companies - with Estimated Working Interest for Companies in Consortia â 31 January 2018 Company Net to WI Area sq km Net to WI Commitments plus Bonus USD Block Won as Operator or Partner Company/Consortia - Winning Bidders Blks Won Chevron Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    959.86  Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    19,737,280.00  1 Chevron (33.34%), PEMEX (33.33%), Inpex (33.33%) 1 ENI Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  Â Â Â Â Â Â Â Â Â Â Â Â Â 960.96  Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    29,600,000.00  1 ENIÂ  (50%), QPIÂ  (50%) 1 Inpex Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    959.57  Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    19,731,360.00  1 PC Carigali (100%) 2 Ophir Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  Â Â Â Â Â Â Â 1,699.40  Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    62,842,983.63  2 PC Carigali (33.34%), Ophir (33.33%), PTTEP (33.33%) 1 PC Carigali Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    7,771.42  Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    201,286,801.85  5 PEMEX (100%) 2 PEMEX Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    7,682.47  Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    162,881,360.00  4 RepsolÂ  (50%), PC   CarigaliÂ  (50%) 1 PTTEP Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    1,846.45  Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    82,753,178.22  2 Repsol (25%), PC Carigali (25%), Sierra Nevada (25%), PTTEP (25%) 1 QPI Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    4,871.24  Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    221,680,382.00  2 Repsol (33.34%), PC Carigali (33.33%), Ophir (33.33%) 1 Repsol Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    2,600.89  Â $ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 112,129,856.63    3 Shell (100%) 4 Shell Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    14,012.31  Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    844,293,923.09  9 Shell (50%), PEMEX (50%) 1 Sierra Nevada Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    813.41  Â $Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    64,488,338.22  1 Shell (50%), QPI (50%) 4 Grand Total Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    44,177.98  Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    1,821,425,463.65  Â  Â  19 Source: IHS Markit Â© 2018 IHS Markit Â  Â  Source: IHS Markit Â© 2018 IHS Markit Â  Â  Â 
Mexico (Sureste B.) ? op. by ENI SPA (100.0%) in Area 1 (Amoca) block