National Hydrocarbons Commission of Mexico Guidelines Published

redOn December 11, 2014 National Hydrocarbons Commission of Mexico announced Round 1 bidding guidelines for the award of production sharing contracts for the exploration and extraction of hydrocarbons in shallow waters.  According to the manual, companies may participate as Individual Bidders or Joint Bidders.

Below is the list of the major pre-requirements for all interested parties who want to participate in the bidding process:

  1. Must demonstrate verifiable experience as an Operator during the period 2010-2014.
  2. Must demonstrate having been an Operator or partner in offshore projects.
  3. Must demonstrate experience in the areas of industrial safety and environmental protection during the past five years.
  4. Must demonstrate that it has sufficient net worth or investment-grade rating by the major rating services and at least ten billion dollars of total assets.

The Bidder whose Economic Bid has the highest weighted score will be the Winning Bidder. The weighted score of the Bid will be the sum of: a) 0.90, multiplied by the State’s participation of the Operating Profit; plus b) 0.10, multiplied by the additional investment factor for the relevant Contract Area.

Period to pay Registration and request Prequalification appointment is from 12/11/2014 to 03/16/2015.The Award Decision will be announced no later than July 17, 2015.

For more detailed information and an event calendar please visit website of the National Hydrocarbons Commission of Mexico http://www.ronda1.gob.mx/

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