On 8 December 2017, the consortium of Shandong Kerui Oilfield Service Group Co, Ltd, Sicoval MX, S.A. de C. V., and Nuevas Soluciones Energeticas A&P, S. A. de C. V. signed the contracts with the CNH and was granted official final awards for the CNH-RO2-L03-CS-02/2017 and CNH-RO2-L03-CS-03/2017 contracts from the CNH-RO2-LO3/2016 Bid Round.Â  The CNH-RO2-L03-CS-02/2017 contract is also known as the Area 10, CS-02 block.Â  The CNH-RO2-L03-CS-03/2017 contract is also known as the Area 1, CS-03 block.Â  The consortium formed a separate subsidiary, Shandong and Keruy Petroleum, S.A. de C.V. with 100% working interest as the official designated operating company for the blocks.Â  The 248 sq km CNH-RO2-L03-CS-02/2017 contract has a total financial commitment of USD 15.2 million, all in work commitments including two additional wells.Â  The 215.10 sq km CNH-RO2-L03-CS-03/2017 contract has a total financial commitment of USD 15.5 million, all for work commitments including two additional wells. On 12 July 2017 the consortium of Shandong, Sicoval, and Nuevas Soluciones was the high bidder in the CNH-RO2-LO3/2016 Bid Round for the Area 10 and Area 11 blocks in the Sureste Basin and was granted preliminary awards. Â  For the 248.00 sq km Area 10 block there were two other bids.Â  The Shandong consortium offered the maximum additional royalties of 40% and 1.5 work unit factor equivalent to two additional wells.Â  The second highest bid was by DEP PYG who offered 22.51% royalties and 0.0 work units factor.Â  Â  For the 215.10 sq km Area 11 block there were five other bids for the block.Â  The Shandong consortium offered the maximum additional royalties of 40% and 1.5 work unit factor equivalent to two additional wells.Â  The second highest bid was by Tonalli Energia who offered 33.30% royalties and 0.0 work units factor.Â Â Â  Â  It is estimated that the winning Shandong consortium is split 34%-33%-33% but the final official equity breakdown will only be reported at a later date. 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: 11 op. by REPSOL (60.0%, SIERRA PER 40.0%) to be check.10 op. by ENI SPA (100.0%) to be check.12 op. by LUKOIL (100.0%) to be check.15 op. by TOTAL (60.0%, SHELL 40.0%) to be check.Area 1 (Tecoalli A) op. by ENI SPA (100.0%) to be check.2 op. by PEMEX (50.0%, RWE 50.0%) to be check.Area 1 (Tecoalli B) op. by ENI SPA (100.0%) to be check.Area 1 (Mizton) op. by ENI SPA (100.0%) to be check.8 op. by PEMEX (50.0%, ECOPETROL 50.0%) to be check.Area 1 (Amoca) op. by ENI SPA (100.0%) to be check.