ARTICLE
26 July 2016

Oil & Gas Sector In Mexico: The Mexican Government Announces Round Two

AO
A&O Shearman

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
The tender process is identified as CNH-R02-L01/2016 and additional information on this process is available at http://rondasmexico.gob.mx/r2-l01-bloques/.
Mexico Energy and Natural Resources

On July 20, 2016, the Mexican government, through the Comisión Nacional de Hidrocarburos (National Hydrocarbons Commission) ("CNH"), published in the Diario Oficial de la Federación (the Federal Official Gazette) the Bidding Guidelines in connection with a Tender Process for the Granting of Shallow Waters Oil and Gas Exploration and Extraction Production Sharing Agreements, addressed to domestic (including both private and productive state-owned enterprises) and foreign companies. The tender process is identified as CNH-R02-L01/2016 and additional information on this process is available at http://rondasmexico.gob.mx/r2-l01-bloques/.

This invitation to bid pertains to the bidding guidelines for Phase 1 of what is commonly known as "Round Two", pursuant to the five-year plan (2015-2019) prepared by the CNH regarding oil and gas exploration and extraction in Mexico and published by the Mexican Ministry of Energy in June 2015.

Phase 1 of Round Two comprises the auctioning of 15 shallow water areas in the Gulf of Mexico (namely, provinces known as Tampico-Misantla, Veracruz and Cuencas del Sureste). The specifics of each auction will be set forth in data rooms managed by the CNH, which will be open to participants beginning in August 2016.  Companies interested in participating in this process may have access to such information after paying the relevant fee to the CNH and registering.  Results will be announced in late March 2017.

This invitation to bid and the process itself are part of the historic reforms made by the Mexican government to open the oil and gas sector to private and foreign investment.

Special thanks to Gizeh Polo, Shearman & Sterling Visiting Attorney, for his assistance with this alert.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More