On 22 March 2018, the CNH published the final list of qualified participating companies for the CNH-RO3-LO1/2017 Bid Round (Ronda 3.1).Â  A total of 21 companies qualified out of the 30 pre-qualified, nine dropped out.Â  Out of the 21 companies, 14 qualified individually and 18 qualified in various consortia, 11 of the 14 individual qualified companies also qualified in 22 separate consortia.Â  There is one new entry in Mexico for this bid round and that is Sapura Exploration and Production from Malaysia.Â  Please see tables below.  On 5 March 2018, the CNH published the final version of the bid documents and model contract for the CNH-RO3-LO1/2017 Bid Round (Ronda 3.1) and also published the list of qualified companies as operators or non-operators. There are a total of 30 companies that have qualified to participate in Ronda 3.1, 20 as operators and 10 as non-operators.Â  There were four companies that were involved in the qualification process but did not reach the final qualification stage and will not participate.Â  These were DEP PYG, Hokchi Energy, Noble Energy, and Statoil.Â  It is assumed that Pan American Energy LLC, that is now qualified as operator, has replaced Hokchi Energy as Pan American was never on the list of companies published by the CNH until now.Â  Final publication of companies and consortia will be on 22 March 2018.Â  The reception of bids will be on 27 March 2018.  On 28 February 2018, the SHCP issued a press release to stipulate the minimum and maximum state participation for the bid round.Â  The agency assigned minimum values of state participation at 8.5% for blocks considered to be gas prone and 22.5% for blocks considered to be oil and gas prone.Â  The maximum state participation for all blocks was set at 65%.  On 22 February 2018, the CNH reported modifications to the bid documents and model contract for the CNH-RO3-LO1/2017 Bid Round (Ronda 3.1).Â  There were several changes to various clauses, small modifications to the license schedule, and two modifications to block areas due to environmental considerations.Â  The two blocks with area modifications include Area 27 and Area 31.Â  The Area 27 block was reduced approximately 75 sq km to 1,143 sq km and the Area 31 block reduced approximately 137 sq km to 264 sq km.    On 26 January 2018, the CNH reported that there are 38 companies that have so far expressed an interest in the CNH-RO3-LO1/2017 Bid Round (Ronda 3.1) with 22 companies that have paid access fees to the data room, 33 companies that have paid participation fees, and 31 companies have initiated the prequalification process.Â  The final list of pre-qualified companies will be published on 5 March 2018.  On 16 January 2018, the CNH published modifications to the bid documents and model contract for the CNH-RO3-LO1/2017 Bid Round (Ronda 3.1).Â Â Â  There were various minor modifications made to the bid round schedule to allow interested companies some additional time to register and access the data room.Â Â    The 22 February 2018 modified bid round schedule is as follows.    The CNH-RO3-LO1/2017 Bid Round (Ronda 3.1) was launched on 29      September 2017 with the publication of the initial bid documents.Â    Access to the data room commenced on 29 September 2017 and      will be available until 26 January 2018 which is also the last day to pay      the participation fee and request a pre-qualification meeting.Â    The reception of pre-qualification documents was extended      from 24 January 2018 to 6 February 2018.Â         The final list of pre-qualified companies and final bid      documents will be published on 5 March 2018 extended from 26 February      2018.Â    The dates to request authorization for the formation of      consortia has been moved from 7 March 2018 to 13 March 2018 giving      companies an additional week.Â    Formation and publication of companies and consortia will      occur on 22 March 2018, extended from 19 March 2018.Â    The reception of bids date has not changed and will be held      on 27 March 2018.   On 15 January 2018, the CNH reported that there are 27 companies that have so far expressed an interest in the CNH-RO3-LO1/2017 Bid Round (Ronda 3.1) with 12 companies that have paid access fees to the data room, 19 companies that have paid participation fees, and 14 companies have initiated the prequalification process.  On 22 December 2017, the CNH reported that there are 21 companies that have so far expressed an interest in the CNH-RO3-LO1/2017 Bid Round (Ronda 3.1) with seven that have paid access fees to the data room, 11 companies that have paid participation fees, and six companies have initiated the prequalification process.  On 15 December 2017, the CNH published modifications to the bid documents and model contract for the CNH-RO3-LO1/2017 Bid Round (Ronda 3.1).Â Â Â  There were various minor modifications made but the bid round schedule has not been changed.Â  On 15 December 2017 the CNH reported that there are 14 companies that have so far expressed an interest in the round with six that have paid access fees to the data room, nine companies that have paid participation fees, and four companies have initiated the prequalification process.  On 23 November 2017, the CNH published modifications to the bid documents and model contract for the CNH-RO3-LO1/2017 Bid Round (Ronda 3.1).Â  There were various modifications made but the bid round schedule has not been changed.Â  On 24 November 2017 the CNH reported that there are seven companies that have so far expressed an interest in the round with five that have paid access fees to the data room and one company has initiated the prequalification process.  The CNH held an administrative session on 28 September 2017 whereby it approved the launch of the CNH-RO3-LO1/2017 Bid Round (Ronda 3.1) with 35 blocks on the shelf on offer under the PSC contract regime as proposed by SENER in late-August 2017.Â  The bid documents were published on 29 September which is the official launch date of the round.Â  There are 35 blocks on offer covering a total area of 26,265 sq km down to a water depth of 500 m.Â  The CNH estimates 1.9 Bboe in prospective resources in the 35 blocks on offer.Â  There are 14 blocks in the Burgos Basin, 13 blocks in the Tampico-Misantla and Veracruz basins, and eight blocks in the Sureste Basin. Some of the blocks are revived from R2.1 that were not bid on.Â  The bid submittal date is 27 March 2018.Â  The PSC contract terms will reportedly be similar to the R2.1 terms with the bidding criteria being additional state take offered and additional work commitment of wells.Â  The additional well commitments are bid through the investment work factor with 0 being no wells, 1 being one additional well commitment, and 1.5 representing two additional well commitments.  The general bid round schedule is as follows.Â  Access to the data room commences on 29 September and will be available until 19 January 2018 which is also the last day to pay the participation fee and request a pre-qualification meeting.Â  The participation fee to access the data room is approximately USD 444,444 and is obligatory for the operator.Â  The non-operator only has to pay the participation fee of USD 41,667.Â  The final list of pre-qualified companies and final bid documents will be published on 26 February 2018.Â  Formation and publication of companies and consortia will occur on 19 March 2018.Â  The reception of bids will be held on 27 March 2018.  The general PSC contract terms include a 1st exploration period of four years with the possibility of a two year extension.Â  Relinquishment of the entire contract area is required if there is no evaluation or development plan filed for any discoveries.Â  There is the possibility of a 2nd exploration period of two years with 50% relinquishment if committing to one exploration well and 0% relinquishment for committing to two exploration wells in the extension period.Â  If a discovery is made there is an evaluation period of two years.Â  The development phase is for approximately 22 years from the date of an approved development plan with two possible five year extension periods.Â  The maximum contract term is 40 years.Â  Local content during the exploration period is 15%, 17& for the evaluation period, and 26% during the first year of the development period until 2025 when it increases to 35%.Â  A variety of taxes and fees apply to the PSC contract.Â  There is a maximum 60% cost recovery with an adjustment mechanism.Â  The bidding criteria include the additional State take percentage and additional investment commitments up to two wells.Â  The Secretaria de Hacienda y Credito Publico (SHCP) will publish the minimum values for the minimum State take percentage prior to the bid submission date.Â    The CNH held an administrative session on 24 August 2017 whereby it reviewed and gave its opinion regarding the PSC model contract as proposed by SENER for the CNH-RO3-LO1/2017 Bid Round (Ronda 3.1) that may offer 35 blocks on the shelf.Â  The onshore blocks previously reported to be included in Ronda 3.1 will be offered at a later date in a separate round.Â  The CNH in a divided vote formalized its opinion that the model contract should be a license contract with some modifications proposed that would allow the state to have its payments in cash or in barrels.Â  The final decision on the contract model now reverts to SENER.  On 24 August 2017 SENER provisionally proposed 35 blocks to be offered in Ronda 3.1, 14 in the Burgos Basin, 13 in the Tampico-Misantla Basin, and eight blocks in the Sureste Basin.Â  The blocks are provisional and the final number of blocks will be finalized by SENER when it approves the launch of the bid round.Â  The blocks provisionally offered will be a combination of and a portion of the 102 blocks that were available for nomination through the modified Plan Quinquenal and after the provisional awards from R2.1.Â  The 14 blocks in the Burgos Basin are located in the northern and southern areas of the basin.Â  The blocks in the Tampico-Misantla, Sureste, and Veracruz basins appear to be all of the blocks available for nomination through the modified Plan Quinquenal with some blocks combined.  The nominations period for Ronda 3.1 for shelf and onshore conventional blocks opened on 2 March 2017 with the launch of the round originally scheduled for August 2017 and the bid reception originally scheduled for the 2nd week of February 2018.Â  On 2 March 2017 the Secretaria de Energia (SENER) announced significant changes to its Plan Quinquenal for bid rounds to be held in the future including Ronda 2.4 for Deep Water and Unconventional blocks and Ronda 3.1 and Ronda 3.2.  Final List of Qualified Participating Companies and Consortia - CNH-RO3-LO1/2017 Bid Round â 22 March 2018          Count         Company          Qualified Individually         Qualified in Consortia         Number of Consortia         Consortia Count         Consortium             1         BP Exploration Mexico   S. A. de C.V.         Y         Y         3         1         BP, Pan American             2         Capricorn EnergyMexico   S. de R.L. de C.V. - (Cairn)         Y         Y         2         2         Capricorn, Citla             3         Chevron Energia de   Mexico, S. de R.L. de C.V.         Y         Â          Â          3         Capricorn, Citla, ECP             4         Citla Energy E&P   S.A.P.I. de C.V.         Â          Y         2         4         DEA, Premier             5         Compania Espanola de   Petroleos, S.A.U. (CEPSA)         Â          Y         2         5         DEA, Premier, Sapura             6         DEA Deutsche Erdoel   Mexico, S. de R.L. de C.V.         Y         Y         8         6         DEA, Sapura             7         ECP Hidrocarburos   Mexico, S.A. de C.V. (Ecopetrol)         Y         Y         2         7         DEA, Servicios de   Extraccion Petrolera Lifting             8         ENI Mexico, S. de R.L.   de C.V.         Y         Y         1         8         ENI, Lukoil             9         Galem Energy, S.A.P.I.   de C.V.         Â          Y         1         9         PC Carigali, ECP             10         Inpex Corporation         Â          Y         1         10         PEMEX, CEPSA             11         Lukoil Upstream   Mexico, S. de R.L. de C.V.         Â          Y         1         11         PEMEX, DEA             12         ONGC Videsh Limited         Y         Â          Â          12         PEMEX, DEA, CEPSA             13         Pan American Energy LLC         Y         Y         3         13         PEMEX, Inpex             14         PC Carigali Mexico   Operations, S.A. de C. V.         Y         Y         1         14         Premier, DEA             15         Petroleos Mexicanos   (PEMEX)         Y         Y         6         15         Premier, DEA, Sapura             16         Premier Oil   Exploration and Production Mexico, S.A. de C.V.         Y         Y         5         16         Premier, Sapura             17         Repsol Exploracion Mexico,   S.A. de C.V.         Y         Â          Â          17         Sapura, Galem             18         Sapura Exploraction   and Production Sdn Bhd         Â          Y         3         18         Shell, PEMEX             19         Servicios de   Extraccion Petrolera Lifting de Mexico, S.A. de C. V.         Â          Y         1         19         Total, BP             20         Shell Exploracion y Extraccion   de Mexico, S. de R.L. de C.V.         Y         Y         1         20         Total, BP, Pan American             21         Total E&P Mexico,   S.A. de C.V.         Y         Y         4         21         Total, Pan American             Â          Â          Â          Â          Â          22         Total, PEMEX             Â© 2018 IHS Markit         Source: IHS Markit         Â          Â          Â          Â          Â         Â   Companies Pre-Qualified but Dropped Out - CNH-RO3-LO1/2017 Bid Round â 22 March 2018          Count         Company          Qualified Operator         Qualified Non-Operator             1         China Offshore Oil   Corporation E&P Mexico, S.A.P.I. de C.V.         Y         Â              2         ExxonMobil Exploracion   y Produccion Mexico S. de R.L. de C.V.         Y         Â              3         Murphy Sur, S. de R.L.   de C.V.         Y         Â              4         Ophir Mexico Limited         Y         Â              5         Controladora de   Infraestructura Petrolera Mexico, S.A. de C.V.         Â          Y             6         Mitsui & Co. Ltd         Â          Y             7         PetroBal, S.A.P.I. ce   C.V.         Â          Y             8         PTTEP Mexico E&P Limited,   S. de R.L. de C.V.         Â          Y             9         Sierra Blanca P&D,   S. de R.L. de C.V.         Â          Y        Â   Pre-qualified Companies List - CNH-RO3-LO1/2017 Bid Round â 5 March 2018          Count         Company          Qualified Operator         Qualified Non-Operator             1         BP Exploration Mexico S. A. de C.V.         Y         Â              2         Capricorn EnergyMexico S. de R.L. de C.V. - (Cairn)         Y         Â              3         Chevron Energia de Mexico, S. de R.L. de C.V.         Y         Â              4         China Offshore Oil Corporation E&P Mexico, S.A.P.I. de C.V.         Y         Â              5         Citla Energy E&P S.A.P.I. de C.V.         Â          Y             6         Compania Espanola de Petroleos, S.A.U.         Â          Y             7         Controladora de Infraestructura Petrolera Mexico, S.A. de C.V.         Â          Y             8         DEA Deutsche Erdoel Mexico, S. de R.L. de C.V.         Y         Â              9         ECP Hidrocarburos Mexico, S.A. de C.V. (Ecopetrol)         Y         Â              10         ENI Mexico, S. de R.L. de C.V.         Y         Â              11         ExxonMobil Exploracion y Produccion Mexico S. de R.L. de C.V.         Y         Â              12         Galem Energy, S.A.P.I. de C.V.         Â          Y             13         Inpex Corporation         Y         Â              14         Lukoil Upstream Mexico, S. de R.L. de C.V.         Â          Y             15         Mitsui & Co. Ltd         Â          Y             16         Murphy Sur, S. de R.L. de C.V.         Y         Â              17         ONGC Videsh Limited         Y         Â              18         Ophir Mexico Limited         Y         Â              19         Pan American Energy LLC         Y         Â              20         PC Carigali Mexico Operations, S.A. de C. V.         Y         Â              21         PetroBal, S.A.P.I. ce C.V.         Â          Y             22         Petroleos Mexicanos (PEMEX)         Y         Â              23         Premier Oil Exploration and Production Mexico, S.A. de C.V.         Y         Â              24         PTTEP Mexico E&P Limited, S. de R.L. de C.V.         Â          Y             25         Repsol ExploraciÃ³n MÃ©xico, S.A. de C.V.         Y         Â              26         Sapura Exploraction and Production Sdn Bhd         Y         Â              27         Servicios de Extraccion Petrolera Lifting de Mexico, S.A. de C.   V.         Â          Y             28         Shell Exploracion y Extraccion de Mexico, S. de R.L. de C.V.         Y         Â              29         Sierra Blanca P&D, S. de R.L. de C.V.         Â          Y             30         Total E&P Mexico, S.A. de C.V.         Y         Â              Â©   2018 IHS Markit         Source: IHS Markit         Â          Â         Â   Â CNH - CNH-RO3-LO1/2017 Bid Round â Minimum and Maximum State Participation â SHCP 28 February 2018          Area         Basin         CNH - Shapefile   Designation         Mininum State   Participartion %         Maximum State   Participartion %             1         Burgos         G-BG-01         8.5         65             2         Burgos         G-BG-02         8.5         65             3         Burgos         G-BG-03         8.5         65             4         Burgos         G-BG-04         8.5         65             5         Burgos         G-BG-05         22.5         65             6         Burgos         G-BG-06         22.5         65             7         Burgos         AS-B-53         22.5         65             8         Burgos         AS-B-54         22.5         65             9         Burgos         AS-B-55         22.5         65             10         Burgos         AS-B-56         22.5         65             11         Burgos         AS-B-57         22.5         65             12         Burgos         G-BG-07         22.5         65             13         Burgos         AS-B-60         22.5         65             14         Burgos         AS-B-61         22.5         65             15         Tampico-Misantla-Veracruz         G-TMV-01         22.5         65             16         Tampico-Misantla-Veracruz         G-TMV-02         22.5         65             17         Tampico-Misantla-Veracruz         G-TMV-03         22.5         65             18         Tampico-Misantla-Veracruz         G-TMV-04         22.5         65             19         Tampico-Misantla-Veracruz         G-TMV-05         22.5         65             20         Tampico-Misantla-Veracruz         G-TMV-06         8.5         65             21         Tampico-Misantla-Veracruz         G-TMV-07         8.5         65             22         Tampico-Misantla-Veracruz         G-TMV-08         8.5         65             23         Tampico-Misantla-Veracruz         G-TMV-09         8.5         65             24         Tampico-Misantla-Veracruz         G-TMV-10         8.5         65             25         Tampico-Misantla-Veracruz         G-TMV-11         8.5         65             26         Tampico-Misantla-Veracruz         G-TMV-12         8.5         65             27         Tampico-Misantla-Veracruz         G-TMV-13         8.5         65             28         Sureste         G-CS-01         22.5         65             29         Sureste         AS-CS-13         22.5         65             30         Sureste         AS-CS-14         22.5         65             31         Sureste         AS-CS-15         22.5         65             32         Sureste         G-CS-02         22.5         65             33         Sureste         AS-CS-06         22.5         65             34         Sureste         G-CS-03         8.5         65             35         Sureste         G-CS-04         22.5         65             Â          Source: IHS Markit         Â©   2018 IHS Markit         Â          Â         Â   Â CNH - CNH-RO3-LO1/2017 Bid Round â Blocks on Offer â General Summary          Area         Basin         CNH - Shapefile   Designation         Area sq km         Fields Included         CNH Estimated   Prospective ResourcesÂ  MMboe         Water Depth m         Minimum Work Units         Min Wus USD value   45-50 bbl oil             1         Burgos         G-BG-01         802         Â          85         Â <200          2,104         $2,104,000.00              2         Burgos         G-BG-02         816         Â          102         Â <200          2,141         $2,141,000.00              3         Burgos         G-BG-03         809         Â          60         Â <200          2,123         $2,123,000.00              4         Burgos         G-BG-04         778         Â          42         Â <200 - 500          2,046         $2,046,000.00              5         Burgos         G-BG-05         814         Â          36         Â <200          2,134         $2,134,000.00              6         Burgos         G-BG-06         820         Â          31         Â <200 - 500          2,150         $2,150,000.00              7         Burgos         AS-B-53         391         Â          71         Â <200          1,078         $1,078,000.00              8         Burgos         AS-B-54         390         Â          20         Â <200 - 500          1,076         $1,076,000.00              9         Burgos         AS-B-55         397         Â          19         Â <200          1,093         $1,093,000.00              10         Burgos         AS-B-56         419         Â          19         Â <200          1,147         $1,147,000.00              11         Burgos         AS-B-57         391         Â          23         Â <200          1,078         $1,078,000.00              12         Burgos         G-BG-07         811         Â          48         Â <200 - 500          2,128         $2,128,000.00              13         Burgos         AS-B-60         392         Â          15         Â <200          1,080         $1,080,000.00              14         Burgos         AS-B-61         392         Â          8         Â <200          1,080         $1,080,000.00              15         Tampico-Misantla-Veracruz         G-TMV-01         962         Â Tiburon, Tintorera          42         Â <200          2,504         $2,504,000.00              16         Tampico-Misantla-Veracruz         G-TMV-02         785         Â          35         Â <200 - 500          2,062         $2,062,000.00              17         Tampico-Misantla-Veracruz         G-TMV-03         842         Â          34         Â <200 - 500          2,206         $2,206,000.00              18         Tampico-Misantla-Veracruz         G-TMV-04         813         Â          89         Â <200          2,133         $2,133,000.00              19         Tampico-Misantla-Veracruz         G-TMV-05         808         Â          45         Â <200 - 500          2,121         $2,121,000.00              20         Tampico-Misantla-Veracruz         G-TMV-06         817         Â          30         Â <200          2,142         $2,142,000.00              21         Tampico-Misantla-Veracruz         G-TMV-07         1,103         Â Cangrejo, Mejillon, Kosni          284         Â <200          2,858         $2,858,000.00              22         Tampico-Misantla-Veracruz         G-TMV-08         1,138         Â          156         Â <200          2,945         $2,945,000.00              23         Tampico-Misantla-Veracruz         G-TMV-09         820         Â          31         Â <200          2,151         $2,151,000.00              24         Tampico-Misantla-Veracruz         G-TMV-10         791         Â          103         Â <200 - 500          2,078         $2,078,000.00              25         Tampico-Misantla-Veracruz         G-TMV-11         1,170         Â          80         Â <200          3,025         $3,025,000.00              26         Tampico-Misantla-Veracruz         G-TMV-12         1,225         Â          145         Â <200          3,162         $3,162,000.00              27         Tampico-Misantla-Veracruz         G-TMV-13         1,143         Â          144         Â <200          3,146         $3,146,000.00              28         Sureste         G-CS-01         808         Â          31         Â <200 - 500          2,119         $2,119,000.00              29         Sureste         AS-CS-13         471         Â          Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  -Â Â           Â <200          1,276         $1,276,000.00              30         Sureste         AS-CS-14         528         Â          20         Â <200          1,420         $1,420,000.00              31         Sureste         AS-CS-15         264         Â          51         Â <200          1,103         $1,103,000.00              32         Sureste         G-CS-02         1,027         Â          64         Â <200 - 500          2,668         $2,668,000.00              33         Sureste         AS-CS-06         581         Â          5         Â <200          1,552         $1,552,000.00              34         Sureste         G-CS-03         734         Â          8         Â <200          1,935         $1,935,000.00              35         Sureste         G-CS-04         798         Â          13         Â <200          2,095         $2,095,000.00              Totals         Â          Â          26,262         Â          1,989.00         Â          Â          Â              Â Source: IHS   Markit               Â          Â          Â          Â          Â          Â Â© 2018 IHS   Markit        Â   CNH - CNH-RO3-LO1/2017 Bid Round â Blocks on Offer â General Summary Map    Â 
Mexico, not found