On February 27, 2015 second call number CNH-R01-C02/2015 for International Bidding process CNH-R01-L02/2015, regarding the procedure known as Round 1, initiated by the National Hydrocarbons Commission (Comisión Nacional de Hidrocarburos) (CNH) as a Coordinated Regulatory Agency, was published in the Official Federal Gazette.
Said bidding process includes 9 fields to be developed in shallow waters, comprising an area of 280 km2 (square kilometers), which will be available for the private sector to develop through five production-sharing contracts.
In order to participate in the said bidding process, the interested party is required, inter alia, to (i) provide evidence that it has acted as operator in at least one extraction project in shallow or deep waters, (ii) provide evidence of having an aggregate minimum production of ten thousand barrels of oil per day, and (iii) in case the interested party wants to participate through a consortium, have a capital of at least 1,000 million, same which must be preserved throughout the entire life of the contract.
On the other hand, within the prequalification requirements, the bidding guidelines indicate that companies which have been prequalified favorably in the first call for bidding process CNH-R01-L01/2014 (on the allocation of certain Production Sharing Contract for the Exploration and Extraction of Hydrocarbons in Shallow Waters), in technical or financial capacity, will automatically prequalify for the areas in this second bidding.
Pursuant to the above, by means of the publication of this bidding process, private sector companies (whether domestic or foreign), including the productive state companies, are called to participate in the referred bidding process, in terms of the provisions set out in the bidding guidelines, available on the web site http://www.ronda1.gob.mx
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