On 8 December 2017 the consortium of Roma Exploration and Production LLC, Tubular Technology, S.A. de C.V., Suministros Marinos e Industriales de Mexico, S.A. de C.V., and Golfo Suplemento Latino, S.A. de C.V. had the second-place bid in the CNH-RO2-LO3/2016 Bid Round for the Area 6 block in the Veracruz Basin and was granted a preliminary award after the first-place bidder, the Shandong consortium failed to pay the government the USD 2.2 million tie-break bonus.Â  The Roma led consortium must now pay the USD 1.5 million tie-break bonus and will have 140 days to sign for the contract if it does so. Â The Shandong consortium now forfeits its bid guarantee bond of USD 250,000 for not signing the contract. 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 6 block in the Veracruz Basin and was granted a preliminary award. Â  For the 193.30 sq km Area 6 block the Shandong consortium offered the maximum additional royalties of 40% and 1.5 work unit factor equivalent to two additional wells.Â  There were two other bids for the block and one offered the same royalties and work units so ended in a tie.Â Â  Shandong won the tie break with a bonus bid of USD 2.2 million beating the 2nd place consortium of Roma, Tubular, Suministros Marinos, and Suplemento who offered a bonus of USD 1.5 million. 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: 8 op. by PEMEX (50.0%, ECOPETROL 50.0%) to be check.12 op. by LUKOIL (100.0%) to be check.6 op. by PETRONAS (50.0%, ECOPETROL 50.0%) to be check.