On 8 December 2017, the consortium of Sun God Energia de Mexico, S.A. de C.V. / Jaguar Exploracion Y Produccion De Hidrocarburos, S.A.P.I. de C.V. signed the contract with the CNH and was granted official final awards for the CNH-RO2-L02-A4.BG/2017, the CNH-RO2-L02-A5.BG/2017, the CNH-RO2-L02-A7.BG/2017, the CNH-RO2-L02-A8.BG/2017, and the CNH-RO2-L02-A9.BG/2017 contracts from the CNH-RO2-LO2/2016 Bid Round.Â  The contracts were originally denominated as the Area 4, 5, 7, 8, and 9 blocks.Â  The consortium formed a separate subsidiary, Pantera Exploracion y Produccion 2.2, S.A.P.I. de C.V. with 100% working interest as the official designated operating company for the block.Â  The 440.3 sq km CNH-RO2-L02-A4.BG/2017 contract has a total financial commitment of USD 29.5 million, all for work commitments that includes two extra wells. The 444.6 sq km CNH-RO2-L02-A5.BG/2017 contract has a total financial commitment of USD 9.3 million, all for work commitments that does not include extra wells. The 445.0 sq km CNH-RO2-L02-A7.BG/2017 contract has a total financial commitment of USD 32.13 million, USD 28.0 million for work commitments that includes two extra wells and USD 4.13 million tie-break bonus payment.Â  The 416.1 sq km CNH-RO2-L02-A8.BG/2017 contract has a total financial commitment of USD 31.6 million, all for work commitments that includes two extra wells.Â  The 349.0 sq km CNH-RO2-L02-A9.BG/2017 contract has a total financial commitment of USD 24.7 million, all for work commitments that includes two extra wells. On 12 July 2017, the consortium of Sun God Energy and Jaguar Exploracion was the high bidder in the CNH-RO2-LO2/2016 Bid Round for the Area 4, Area 5, Area 7, Area 8, and Area 9 blocks in the Burgos Basin and was granted preliminary awards. Â  For the 440.30 sq km Area 4 block there was one other bid.Â  The Sun God consortium offered the maximum additional royalties of 25% and 1.5 work unit factor equivalent to two additional wells.Â  It won the block after the second highest bid by Iberoamericana, Newpek, and Verdad was for 15.76% royalties and 1.0 work units or one well. Â  For the 444.60 sq km Area 5 block the Sun God consortium offered additional royalties of 16.96% and 0.0 work unit factor equivalent to no additional wells.Â  It won the block after the second highest bid by Iberoamericana, PJP4 was for 8.09% royalties and 1.0 work units or one well. For the 445.00 sq km Area 7 block there were two other bids.Â  The Sun God consortium offered the maximum additional royalties of 25% and 1.5 work unit factor equivalent to two additional wells.Â  There was one other equivalent bid so it ended in a tie.Â  Sun God won the tie-break for the block with a bonus offer of USD 4.13 million after the second highest bid by Iberoamericana, PJP4 made a bonus offer of USD 2.92 million. Â  For the 416.10 sq km Area 8 block the Sun God consortium offered the maximum additional royalties of 25% and 1.5 work unit factor equivalent to two additional wells.Â  There were no other bids for the block. For the 464.00 sq km Area 9 block the Sun God consortium offered the maximum additional royalties of 25% and 1.5 work unit factor equivalent to two additional wells.Â  There were no other bids for the block. It is estimated that the winning consortium is split 50%-50% 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: 10 op. by ENI SPA (100.0%) to be check.12 op. by LUKOIL (100.0%) to be check.Area 4 (Ichalkil) op. by RIVERSTONE (50.0%, PETROBAL 50.0%) to be check.8 op. by PEMEX (50.0%, ECOPETROL 50.0%) to be check.7 op. by ENI SPA (45.0%, CAIRN EN 30.0%, CITLA 25.0%) to be check.Area 4 (Pokoch) op. by RIVERSTONE (50.0%, PETROBAL 50.0%) to be check.9 op. by OTP (49.0%, ETAP 51.0%, TPS 0.0%) to be check.15 op. by TOTAL (60.0%, SHELL 40.0%) to be check.