On 12 April 2019, the CNH updated the companies list for the CNH-A6-7 Asignaciones/2018 Farm-Out Bid Round with little change except that there are now 20 companies that have expressed an interest.Â  There remain 13 companies authorized to pay data base access fees, 10 companies with data base access, and 11 companies that have initiated the prequalification process.   On 13 March 2019, Secretary of Energy Rocio Nahle was reported in the press at the IHS Markit CERAWeek conference to have said that PEMEX may seek to delay the CNH-A6-7 Asignaciones/2018 Farm-Out Bid Round until 2020.Â  There has also been reports in Mexico that PEMEX may seek to transform the process into only a Service Contracts type round.Â  Further details are expected in the future. Â   On 11 January 2019, the CNH updated the companies list for the CNH-A6-7 Asignaciones/2018 Farm-Out Bid Round.Â  The CNH reported that there is a total of 19 companies that have expressed an interest, 13 companies authorized to pay data base access fees, 10 companies with data base access, and 11 companies that have initiated the prequalification process.   On 11 December 2018, the CNH reported modifications to the schedule for the CNH-A6-7 Asignaciones/2018 Farm-Out Bid Round due to a request by SENER received on 7 December 2018.Â  There were some reports that the round might be cancelled also but SENER decided to extend the round by six months.      The modified schedule as of 11 December 2018 is now reported to be the following:       The period to pay the data room access fee is 27 April 2018 until 8 July 2019.       Reception of pre-qualification documents is from 22 July 2019 until 23 August 2019.       The list of pre-qualified companies will be published on 29 August 2019.       The final version of the bid documents will be published on 5 September 2019.       The      bid submittal date is 9 October 2019. Â    On 26 November 2018, the CNH updated the companies list for the CNH-A6-7 Asignaciones/2018 Farm-Out Bid Round.Â  The CNH reported that there are a total of 18 companies that have expressed an interest, 12 companies authorized to pay data base access fees, 10 companies with data base access, and 11 companies that have initiated the prequalification process.    On 18 July 2018, the CNH modified the bid documents for the CNH-R03-L02/2018 Bid Round, the CNH-R03-L03/2018 Bid Round, and the CNH-A6-7 Asignaciones/2018 Farm Out Bid Round whereby all of the bid rounds are now running concurrently and the calendars for all three rounds have been modified substantially with the bid submittal date now on 14 February 2019.Â  The CNH reported that this has been done at the request of the new incoming administration in order for the new Secretary of Energy to have time to review all of the bid documents and model contracts for possible modifications.Â  The new Energy Secretary will have approximately two months to review the contracts from 1 December 2018 until 6 February 2019 when the final versions of the bid documents will be published.    On 13 July 2018, the CNH updated the companies list for the CNH-A6-7 Asignaciones/2018 Farm Out Bid Round.Â  The CNH reported that there are a total of 12 companies that have expressed an interest, eight companies authorized to pay data base access fees, seven companies with data base access, and six companies that have initiated the prequalification process.    On 19 June 2018, the CNH modified the bid documents for the CNH-A6-7 Asignaciones/2018 Farm Out Bid Round for seven contracts that includes 27 PEMEX exploration and production entitlements.Â  The modifications also included publication by the SHCP regarding the royalties to be offered and the changes to the bidding criteria.Â  The bidding criteria will not include additional royalties offered as these are fixed percentages now, see table below.Â  Most are set at 15% additional royalties with the Giraldas-Sunuapa contract the only one set differently at 6%.Â  The modified bid documents also include the fixed initial bonus payment to be made to PEMEX by the winning bidder.Â  These initial payments range from a low of USD 5 million to a high of USD 146 million and total bonus payments are USD 587 million.Â  The lone bidding criteria now will be an additional cash payment offered with the highest additional cash payment to indicate the winning company.Â  The additional cash payment will be split 20% to the Mexican government and 80% to PEMEX.Â  The winning bidder will have 55% working interest while PEMEX will retain 45%.Â  Some of the contracts will be only for production and some will be for exploration and production.Â  Also the majority of contracts have some type of geological depth restrictions.Â  The bid submittal date is 31 October 2018.    On 15 June 2018, the CNH updated the companies list for the CNH-A6-7 Asignaciones/2018 Farm Out Bid Round.Â  The CNH reported that there are a total of 8 companies that have expressed an interest, four companies authorized to pay data base access fees, four companies with data base access, and two companies that have initiated the prequalification process.    On 27 April 2018, the CNH officially launched the CNH-A6-7 Asignaciones/2018 Farm Out Bid Round for seven contracts that includes 27 PEMEX exploration and production entitlements.Â  There are also seven state controlled blocks that were incorporated into several of the contracts. There is one bid document and joint operating agreement (JOA) for the seven blocks but there is one separate contract for each block. The contract type will be a License Contract.Â  PEMEX will be paid a fixed fee established in the bid documents and will have 45% working interest.Â  Total current production for all fields was reported to be 33 Mbo/d and 190MMcfg/d.Â  The estimated total recoverable reserves is 183 MMbo and 983 Bcfg with an estimated investment of USD 870 million. Â     The seven packages have been split into three groups.Â  A company must pay USD 136,612 at exchange rate of 1USD to 18.3 MXN to access one group for the data room purposes.Â  If a company wants to access all of the data for the three groups the fee will be USD 409,836.Â Â  Â     On 5 March 2018, the CNH published information for seven packages that includes 36 exploration and production entitlements that PEMEX will farm-out, now reported to launch the first week of April 2018.Â  The CNH has published preliminary information on its CNIH website regarding the seven packages of blocks to be farmed-out.Â  PEMEX CEO Carlos Trevino reported on 6 March 2018 at CERAWeek conference that it plans to have the preliminary awards for these farm-outs concluded by September 2018 and final contract signatures prior to 1 December 2018 when the new administration will take office.Â  He also indicated that the Ayin-Batsil block would be re-offered as a farm out block in 2018 and that is all he estimates the company can do for this year.    The CNH has approved various modifications and migration requests by PEMEX involving up to 50 blocks since November 2017.Â  Two packages of blocks, the Cauchy block and the Costero blocks, that were originally requested to be migrated for farm-out purposes have not been included in the latest information regarding the farm-out round.            CNH-A6-7   Asignaciones/2018 Farm Out Bid Round â Companies List â 11 January 2019             Company         Companies that have   paid Access to the Data Room         Companies that have   begun the prequalification process             California Resources   Corporation         1         1             China Offshore Oil   Corporation E&P Mexico, S.A.P.I. de C.V.         2         2             Compania Espanola de   Petroleos, S.A. U.         3         3             Deutsche Erdoel   Mexico, S. de R.L. de C.V.         4         4             ECP Hidrocarburos   Mexico, S.A. de C.V.         5         5             Frontera Energy   Corporation         6         6             Galem Energy, S.A.P.I.   de C.V.         7         Â              Gran Tierra Mexico   Energy, S. de R.L. de C.V.         8         7             Hokchi Energy, S.A. de   C.V.         9         Â              Petrobal S.A.P.I. de   C.V.         10         8             Southerngeo Mexico,   S.A.P.I. de C.V.         11         9             Tecpetrol   International S.L.U.         12         10             Vista Oil & Gas   Holding II, S.A. de C.V.         13         11             Source: IHS Markit            Â©   2019 IHS Markit        Â   CNH-A6-7 Asignaciones/2018 Farm Out Bid Round - PEMEX Farm-Out Blocks â 19 June 2018 with Additional Royalties and Initial Bonus Payments            Contract Area         Basin         Entitlement or   Farm-Out Block Nomenclature         Entitlement (AE &   A blocks)         Fields-Production, AR   Entitlements, State Owned Blocks         Area sq km         Remaining OOIP Mmbo         Remaining OGIP Bcfg         Reported RiskedÂ  Median Prospective Resources MMboe         Additional Royalties %         Initial Bonus Payment   MM USD         Total Minimum Work   Program work units         Calculated work unit   values MM USD 1,044/work unit             1         Sureste         Artesa         AE-0058-M-Mezcalapa-08         Artesa, Gaucho,   Nispero, Rio Nuevo, Sitio Grande         893.13         1476.4         2025.7         147.5         15.00         86.00         33,750.00         35.24             2         Sureste         Bacal-Nelash         A-0027, A-0036,   A-0235, A-0339         Arroyo Prieto, Bacal,   Nelash, Tiumut         160.8         281.3         501            15.00         66.00         27,220.00         28.42             3         Veracruz         Bedel-Gasifero         AE-0040-Tesechoacan-02         Bedel, Eltreinta,   Gasifero         1168.11         500         649         133.83         15.00         128.00         31,196.00         32.57             4         Sureste         Cinco Presidentes         A-0092-M-Campo Cinco   Presidentes         Cinco Presidentes, Rodador         167.12         831.6         665.6            15.00         120.00         15,606.00         16.29             5         Sureste         Giraldas-Sunuapa         AE-0054-2M-Mezcalapa-04         Chiapas-Copana,   Comoapa, Muspac, Giraldas, Sunuapa         1726.38         1058.5         3951.1         210.68         6.00         36.00         33,465.00         34.94             6         Sureste         Juspi-Teotleco         AE-0057-M-Mezcalapa-07         Juspi, Teotleco         449.95         390.4         1592.7         143.9         15.00         146.00         38,383.00         40.07             7         Sureste         Lacamango         A-0187-M-Campo   Lacamango         Lacamango         16.26         75.3         95.5            15.00         5.00         9,818.00         10.25             TOTALS                     4581.75         4613.5         9480.6         635.91            587.00            197.77                   Source: IHS Markit                                    Â© 2018 IHS Markit        Â   Â CNH-A6-7 Asignaciones/2018 Farm Out Bid Round - PEMEX Farm-Out Blocks â 27 April 2018            Contract Area            Basin            Entitlement or   Farm-Out Block Nomenclature            Entitlement (AE &   A blocks)            Fields-Production, AR Entitlements,   State Owned Blocks            AE Blocks            A Blocks            AR-State Blocks            Area sq km            Remaining OOIP Mmbo            Remaining OGIP Bcfg            Reported RiskedÂ  Median Prospective Resources MMboe             1            Sureste            Artesa            AE-0058-M-Mezcalapa-08            Artesa,   Gaucho, Nispero, Rio Nuevo, Sitio Grande, Carmito, Acuyo, Sabancuy            1            5            3            893.13                  147.5                   Artesa         A-0029-M-Campo   Artesa                           134.2         235.3                         Artesa         A-0141-M-Campo   Gaucho                           36.9         92.2                         Artesa         A-0236-M-Campo   Nispero                           324.5         232.4                         Artesa         A-0291-M-Campo   Rio Nuevo                           193         220.9                         Artesa         A-0312-M-Campo   Sitio Grande                           787.8         1,244.80                   2         Sureste            Bacal-Nelash            A-0027-M-Campo   Arroyo Prieto            Arroyo   Prieto, Bacal, Nelash, Tiumut            0            4            0            160.8            21.8            57.2                         Bacal-Nelash         A-0036-2M-Campo   Bacal                           120.7         137.9                         Bacal-Nelash         A-0235-2M-Campo   Nelash                           86.2         162.9                         Bacal-Nelash         A-0339-2M-Campo   Tiumut                           52.7         142.9                   3         Veracruz            Bedel-Gasifero            AE-0040-Tesechoacan-02            Bedel,   Eltreinta, Gasifero, Mixtan, and Palmaro            1            3            2            1,168.11                  133.83                   Bedel-Gasifero         A-0045-M-Campo   Bedel                           214.50         113.50                         Bedel-Gasifero         A-0122-M-Campo   El Treinta                           160.70         212.50                         Bedel-Gasifero         A-0140-M-Campo   Gasifero                           124.80         323.00                   4         Sureste            Cinco   Presidentes            A-0092-M-Campo   Cinco Presidentes            Cinco   Presidentes, Rodador            0            2            0            167.12            715.6            551                         Cinco   Presidentes         A-0292-M-Campo   Rodador                           116         114.6                   5         Sureste            Giraldas-Sunuapa            AE-0054-2M-Mezcalapa-04            Chiapas-Copana,   Comoapa, Muspac, Giraldas, Sunuapa, AR-0428 Campo Iris            2            5            1            1,726.38                  158.27                   Giraldas-Sunuapa         AE-0063-3M-Grijalva-01                                 52.42                   Giraldas-Sunuapa         A-0083-M-Campo   Chiapas-Copano                           177.30         827.50                         Giraldas-Sunuapa         A-0099-M-Campo   Comoapa                           127.10         118.80                         Giraldas-Sunuapa         A-0144-M-Campo   Giraldas                           289.70         840.50                         Giraldas-Sunuapa         A-0230-M-Campo   Muspac                           85.90         1,190.20                         Giraldas-Sunuapa         A-0317-M-Campo   Sunuapa                           378.50         974.10                   6         Sureste            Juspi-Teotleco            AE-0057-M-Mezcalapa-07            Juspi,   Teotleco, AR-0470 Campo Arroyo Zanapa            1            2            1            449.95                  143.9                   Juspi-Teotleco         A-0169-M-Campo   Juspi                           28.4         102.4                         Juspi-Teotleco         A-0329-M-Campo   Teotleco                           362.1         1,490.30                   7         Sureste            Lacamango            A-0187-M-Campo   Lacamango            Lacamango            0            1            0            16.26            75.3            95.5                   TOTALS                     5         22            7            4,581.75            4,613.70            9,480.40            635.92             Source:   IHS Markit                                    Â© 2018 IHS Markit        Â   CNH-A6-7 Asignaciones/2018 Farm Out Bid Round - PEMEX Farm-Out Blocks â A blocks â CNH reported Reserves and Cumulative Production from 1 January 2017            Entitlement or   Farm-Out Block Nomenclature            Entitlement ( A blocks)            OOIP MMbo            OGIP BCFG            Cum_Prod Oil MMbo            Cum_Prod Gas Bcfg            RF Oil to 1/1/2017            RF Gas to 1/1/2017            1P Oil at 1/1/2017            1P Gas at 1/1/2017            Bid Round Remaining   OOIP Mmbo            Bid Round Remaining   OGIP Bcfg             Bacal-Nelash            A-0027-M-Campo   Arroyo Prieto            24.79            60.50            2.45            2.81            10%            5%            1.49            1.40            21.8            57.2             Artesa            A-0029-M-Campo   Artesa            191.41            333.68            53.26            95.09            28%            28%            7.82            8.41            134.2            235.3             Bacal-Nelash            A-0036-2M-Campo   Bacal            230.21            291.83            109.12            153.48            47%            53%            2.06            4.50            120.7            137.9             Bedel-Gasifero            A-0045-M-Campo   Bedel            219.83            99.07            1.80            0.51            1%            1%            9.98            10.04            214.50            113.50             Giraldas-Sunuapa            A-0083-M-Campo   Chiapas-Copano            320.19            2,226.60            142.11            1,396.05            44%            63%            6.70            34.69            177.30            827.50             Cinco   Presidentes            A-0092-M-Campo   Cinco Presidentes            1,043.81            1,006.23            326.42            452.15            31%            45%            11.11            15.45            715.6            551             Giraldas-Sunuapa            A-0099-M-Campo   Comoapa            171.80            215.27            44.15            95.45            26%            44%            2.21            3.62            127.10            118.80             Bedel-Gasifero            A-0122-M-Campo   El Treinta            154.46            242.36            1.07            2.64            1%            1%            25.62            124.82            160.70            212.50             Bedel-Gasifero            A-0140-M-Campo   Gasifero            133.30            384.79            6.73            39.68            5%            10%            12.59            87.81            124.80            323.00             Artesa            A-0141-M-Campo   Gaucho            45.92            136.37            8.93            44.03            19%            32%            0.57            0.52            36.9            92.2             Giraldas-Sunuapa            A-0144-M-Campo   Giraldas            464.59            2,828.60            174.70            1,974.52            38%            70%            2.61            168.55            289.70            840.50             Juspi-Teotleco            A-0169-M-Campo   Juspi            39.98            175.06            11.56            71.99            29%            41%            0.44            3.06            28.4            102.4             Lacamango            A-0187-M-Campo   Lacamango            107.20            147.81            31.45            51.99            29%            35%            2.84            2.01            75.3            95.5             Giraldas-Sunuapa            A-0230-M-Campo   Muspac            163.20            2,720.05            77.01            1,526.71            47%            56%            0.68            8.21            85.90            1,190.20             Bacal-Nelash            A-0235-2M-Campo   Nelash            89.71            171.25            3.35            7.45            4%            4%            5.09            10.93            86.2            162.9             Artesa            A-0236-M-Campo   Nispero            479.46            484.55            153.85            249.57            32%            52%            4.09            8.02            324.5            232.4             Artesa            A-0291-M-Campo   Rio Nuevo            279.90            400.12            86.70            178.46            31%            45%            0.71            2.25            193            220.9             Cinco   Presidentes            A-0292-M-Campo   Rodador            163.06            182.19            45.77            65.80            28%            36%            5.17            6.87            116            114.6             Artesa            A-0312-M-Campo   Sitio Grande            1,152.59            1,837.86            364.70            591.70            32%            32%            0.13            6.49            787.8            1,244.80             Giraldas-Sunuapa            A-0317-M-Campo   Sunuapa            427.75            1,160.25            48.03            170.89            11%            15%            6.96            70.57            378.50            974.10             Juspi-Teotleco            A-0329-M-Campo   Teotleco            393.52            1,614.79            29.59            108.05            8%            7%            9.12            42.53            362.1            1,490.30             Bacal-Nelash            A-0339-2M-Campo   Tiumut            54.69            146.18            1.96            3.12            4%            2%            0.98            2.37            52.7            142.9             GRAND   TOTALS               6,351.39         16,865.42            1,724.71            7,282.14            N/A            N/A            118.97            623.13            4,613.70            9,480.40             Â©   2018 IHS Markit                                    Source: IHS Markit
CNH updated the companies list for the CNH-A6-7 Asignaciones/2018 Farm-Out Bid Round with little change except that there are now 20 companies that have expressed an interest.  There remain 13 companies authorized to pay data base access fees, 10 companies with data base access, and 11 companies that have initiated the prequalification process. 