July 15, 2015
Round 1
Results: First Bid
Award of contracts
What was bid on?
July 15, 2015
• 14 areas of shallow water for exploration and
subsequent production operations.
Today the National Hydrocarbons Commission (CNH)
undertook the hydrocarbons exploration contract award
process as stated in it December 11, 2014 invitation
to bid.
• More than 4 mil km2 distributed across the states
of Campeche, Tabasco and Veracruz.
• Type of contract: Shared Production.
The contract ensured the maximum
amount of oil revenue for the State.
In accordance with the procedures established for
this purpose, the CNH based the bid award process
on the transparency guidelines set forth in the new
regulations: the opening of technical and economic
proposals will take place in real time and in public to
enable bid participants to follow the procedure.
The contract specified that an adjustment
mechanism would be used to ensure the maximum
amount of oil revenue for the State. Likewise, once
awarded, the contracts will undergo environmental
impact evaluations.
List of participants
Atlantic Rim México, S. de
R.L. de C.V.
No available data
BP Exploration México,
S.A. de C.V.
Consortium
The world’s third largest private oil company.
Casa Exploración, L.P.
Consortium
Private oil and gas company focused on exploration and development projects. It is the first in Latin
America.
Chevron Energía de
México, S. de R.L. de C.V.
Created in 1911, Chevron has been one of the world’s largest oil companies and owns large oil and
gas fields. It is one of the world’s largest industrial companies.
Cobalt Energía de México
S. de R.L. de C.V.
Oil exploration, evaluation, development, and production company.
CNOOC International
Limited
China’s largest producer of deep sea crude oil and natural gas, and one of the world’s largest
independent oil and gas exploration and production companies.
Compañía Española de
Petróleo, S.A. (CEPSA)
Spain’s first private oil company. It is involved in all stages of the oil value chain.
DIAVAZ Offshore, S.A.P.I.
de C.V.
Consortium
It began business in 1973 as a commercial diving company offering offshore services to Mexico’s oil
industry.
E&P Hidrocarburos y
Servicios, S.A. de C.V.
Consortium
No available data.
Eni International B.V.
Consortium
Created in 1953 as an Italian government public oil company, in 1992 it was privatized. It is engaged
in oil, gas and electricity sector activities.
Founded in 1870 as Standard Oil Company, it is one of the world’s largest oil companies engaged in
oil and natural gas exploitation, elaboration and marketing as well as the manufacture of chemicals,
fertilizers and plastics.
ExxonMobil Exploración y
Producción
Galp Energía E&P B.V.
A Portuguese company engaged in activities ranging from the exploitation and production of oil and
natural gas and oil product refining and distribution, to the distribution and sale of natural gas and
electricity generation.
Hess News Ventures
Limited
An independent energy company engaged in crude oil and natural gas exploration and production.
Hunt Overseas Oil
Company
Undertakes exploratory drilling operations under diverse weather conditions both on land and
offshore in different countries around the world.
INPEX CORPORATION
A Japanese oil company engaged in oil and gas exploration and production.
Japan Oil, Gas and Metals
National Corporation
A mining, oil and gas company created in 2004.
Japan Petroleum
Exploration Co. Ltd
Hydrocarbon exploration, production, and transportation company. Its proven reserves amount to
272 million barrels in Japan and the rest of the world.
LUKOIL Overseas
Netherlands B.V.
Russian oil company and the second largest in terms of crude oil reserves only after Exxon. It
undertakes oil and gas exploration and production in Russia as well as in 36 other countries.
MAERSK OLIE OG GAS
A/S
Maersk Oil’s total production is 550,000 barrels per day. Production comes from Denmark, the UK,
Qatar, Kazajstán, the USA. Gulf of Mexico, Brazil, and Argelia.
Marathon Offshore
Investment Limited
Independent international exploration and production company..
Mitsubishi Corporation
Multinational integrated business company operating in virtually all industries, including industrial
financing, energy, metals, machinery, chemical production, food, and environmental resources.
Murphy Worldwide, Inc.
2
Consortium
Consortium
Company engaged in onshore oil and natural gas production.
NBL México Inc.
Mexican oil company and participant in first bid.
Nexen Energy Holdings
International Limited
Canadian oil and gas company. Nexen became subsidiary CNOOC Limited, It specializes in the
treatment of tar sands and shale gas.
Ronda 1
ONGC Videsh Limited
ONGC Videsh’s main business consists of prospecting cultivated oil and gas areas outside India,
including oil and gas exploration, development and production.
Pacific Rubiales E&P
México, S.A.P.I. de C.V.
Canadian oil company that has created a subsidiary in Mexico as a result of energy reform.
Pan American Energy LLC
Consortium
Company engaged in oil and gas exploration and production. It is Argentina’s largest hydrocarbon
production company.
Petrobal, S.A.P.I. de C.V.
Consortium
Grupo Bal oil company created for hydrocarbon exploration and exploitation. Grupo Bal
participates in the mining sector and is the world’s largest silver producer.
A Brazilian company engaged in the sale and production of gasolines, lubricants, diesel and fuels
for cars, planes, ships and trains. They began operations in Mexico as natural gas exploration and
production service contract operators in Cuenca de Burgos. They currently make scientific and
technological contributions.
Petróleo Brasileiro México,
S. de R.L. de C.V.
PETRONAS Carigali
International E&P B.V.
Consortium
PETRONAS is a Malaysian company founded in 1974 that owns and manages oil and gas assets. It
has 103 subsidiaries and ventures with 55 companies around the world.
Pacific Rubiales E&P
México S.A.P.I. de C.V.
A Canadian public company engaged in natural gas and crude oil exploration and production.
Plains Acquisition
Corporation
US oil company headquartered in Houston, Texas. It began operations in the energy sector with fuel
production and transportation.
Pluspetrol México B.V.
Consortium
An Argentine company engaged in oil and gas exploitation and production. It also participates in
electricity generation.
Premier Oil PLC
Consortium
British oil company that participates in oil and gas fields in the North Sea, Southeast Asia, the
Middle East, Africa, Pakistan, and the Falkland Islands.
Shell Exploración y
Extracción de México,
S.A. de C.V.
An energy company that has operated in Mexico for more than 50 years engaged in the distribution
and marketing of petrochemicals and lubricants. More recently, it is engaged in the importation and
sale of liquid natural gas.
Statoil E&P México, S.A.
de C.V.
A pioneer Norwegian energy company created in 1972.
Sierra Oil &Gas, S. de R.L.
de C.V.
Consortium
An independent oil and gas company with broad experience in the energy supply chain in Mexico.
Talos Energy LLC
Consortium
A US company engaged in independent oil and gas exploration and production.
Tullow México B.V.
Consortium
Founded in 1985, it is a London-based oil exploration company. Its exploration and production
asset portfolio includes interests in 96 licenses in 10 countries.
Petrochemical and energy sector business group engaged in the manufacture of car lubricants and
industrial lubricants.
Total, S.A.
Woodside Energy
Mediterrean Pty LTD
Consortium
An Australian company in the oil and gas sector. It is Australia’s largest independent company.
PwC Mexico
3
According to CNH data, the results
of the first bid were:
49
companies expressed an interest
41
had access to the data room
39
companies accessed the data room
34
began the prequalification process
25
passed prequalification
18
are individual participants
7
are part of a consortium
Consortiums
1. BP Group Exploration S.A. de C.V.
Galp Energía E&P B.V.
2. ENI International B.V.
CASA Exploration, L.P.
3. Murphy Worldwide, Inc.
PETRONAS Carigali International
E&P b.v.
4. Pan American Energy LLC
E&P Hidrocarburos y Servicios,
S.A. de C.V.
4
Ronda 1
5. Talos Energy LLC
Sierra Oil &Gas, S. de R. de C.V.
Premier Oil PLC
6. Tullow México B.V.
PETROBAL S.A.P.I. de C.V.
7. Woodside Energy Mediterranean Pty
LTD Diavaz Offshore, S.A.P.I. de C.V.
Pluspetrol México B.V.
Outcome of the process
All areas except 2 and 7 were declared deserted, mostly for not filing stakeholders, and in other
cases as areas 4, 6 and 12, were presenting themselves proposals, but they were disqualified for
failing to meet the minimum values by SHCP.
The winning company
There were five economic proposals for area 7 from different companies. The final winner was
Sierra Oil& Gas, Talos Energy and Premier Oil PLC, followed by Statoil E&P México, S.A. de C.V in
second place. Areas 8, 9, 10, 11, 13, and 14 were cancelled, as no proposals were submitted; area
12 was cancelled as there was only one proposal, which was rejected owing to values below the
required minimum.
That was how Round 1 concluded. On Friday, the winning companies will be informed
of the final decisions. PwC Mexico
5
Table of winners by area
Prequalification criteria and contract models for individual participants and consortiums
established mandatory financial and operating requisites.
6
Ronda 1
Field
General data
Winner
1
Area: 194 km2
Location: Shallow waters
Main hydrocarbon: Light oil
Probability of commercial success: 31%
Cancelled
(No proposals were
submitted
2
Area: 194km2
Location: Shallow waters
Main hydrocarbon: Light oil
Probability of commercial success : 20%
Consorcio: Sierra Oil
&Gas, S. de R.L. de
C.V., Talos Energy LLC
y Premier Oil PLC
3
Area:233km2
Location: Shallow waters
Main hydrocarbon: Light oil
Probability of commercial success: 24%
Cancelled
(No proposals were
submitted
4
Area: 233 km2
Location: Shallow water
Main hydrocarbon: Light oil
Probability of commercial success : 33%
Cancelled
(1 proposal which was
rejected )
5
Area:466km2
Location: Shallow water
Main hydrocarbon: Light oil
Probability of commercial success :14%
Cancelled
(No proposals were
submitted
6
Area:466 km2
Location: Shallow water
Main hydrocarbon: Light oil
Probability of commercial success :32%
Cancelled
(1 proposal which was
rejected )
7
Area: 465 km2
Location: Shallow water
Main hydrocarbon: Light oil
Probability of commercial success :14%
Consorcio: Sierra Oil
&Gas, S. de R.L. de
C.V., Talos Energy LLC
y Premier Oil PLC
8
Area:116km2
Location: Shallow water
Main hydrocarbon: Extra heavy oil
Probability of commercial success : 54%
Cancelled
(No proposals were
submitted
9
Area: 116km2
Location: Shallow water
Main hydrocarbon: Extra heavy oil
Probability of commercial success : 23%
Cancelled
(No proposals were
submitted
Second place
Hunt Overseas Oil
Company
Statoil E&P México,
S.A. de C.V.
Field
General data
Winner
10
Area: 232km2
Location: Shallow water
Main hydrocarbon: Light and heavy oil
Probability of commercial success : 28%
Cancelled
(No proposals were
submitted
11
Area: 309km2
Location: Shallow water
Main hydrocarbon: Extra heavy oil
Probability of commercial success : 36%
Cancelled
(No proposals were
submitted
12
Area:387km2
Location: Shallow water
Main hydrocarbon: Heavy oil
Probability of commercial success : 42%
Cancelled
(1 proposal which was
rejected )
13
Area: 501 km2
Location: Shallow water
Main hydrocarbon: Heavy oil
Probability of commercial success :31%
Cancelled
(No proposals were
submitted
14
Area: 310 km2
Location: Shallow water
Main hydrocarbon: Humid gas
Probability of commercial success : 6%
Second place
PwC Mexico
7
Contacts
Guillermo Pineda
PwC Mexico Energy Leader
[email protected]
(+52) 55 5263 6082
Irene Hernández
Tax and Legal Services
[email protected]
(+52) 55 5263 8647
Fabian Mateos A
Risk Assurance
[email protected]
(+52) 55 5263 5754
Francisco Ibañez
Advisory
francisco.ibanez @mx.pwc.com
(+52) 55 5263 6085
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