Deep water exploration and production
Round 2, fourth bidding call
Aldo Flores QuirogaDeputy Secretary of Energy for HydrocarbonsMexico
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Ciudad de México| 19 de julio | 2017
Round 2.4 seeks to expand deep-water offshore activities to:
1. Restore Mexico’s reserves
2. Scale up oil and gas production
3. Consolidate oil industry clusters
4. Attract investment and cutting edge technology, and createquality jobs
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Exploration blocks are distributed in the country’s main oilprovinces…
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Cinturón Plegado Perdido
CordillerasMexicanas
CuencaSalina
Plataformade Yucatán
Fuente: CNH y SENERRecurso prospectivo medio ajustado por riesgo, BDOE 2017
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25,725
9,866
15,859
3,860
1,947
6,6074,228
2,380
3,444
Recursos marinos totales Aguas Profundas Contratos (R1.4) Ronda 2.4Recursos documentados
No en PQ
Estimated offshore resources, total: 25,725 mmbcoe
Total offshore
Resources
Shallow Water
Deep Water
Pemex allocations
Contracts (R1.4)
Five Year Plan 2017 Round 2.4
Remaining in 5-Year
Plan
Documented for 5-Year Plan
Round 2.4 prospective resources are 64% of the Five Year Plan’s offshore resource total
Fuente: AIE
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Mexico must develop its complete oil and gas portfolio to achieve higher production levels
Deep Waters
Shallow Waters
Unconventional Terrestrial
Conventional Terrestrial
Existing Fields
Mexico´s production in the scenario of Reform of the AIE 2015-2040 (mmbpd)
Round 2.4’s contractual terms follow the Round 1.4 model
1. License contract to allow for greater operational efficiency
2. Exploration and production in the entire geological column
3. Aimed at companies with extensive experience in deep andultra deep waters
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The 35-year contract may be extended up to 15 years, during the commercial production phase
Phases in Round 2.4 contract
Phase Duration
(years)
Accumulated
Duration
National
Content
1. Exploration 4 to 10 10
3%
2. Evaluation Up to 3 13
3. Development22 to 28 35
4%
4. Commercial
Production10%
Extensions: 10 + 5 Up to 50
Summing up
1. Round 2.4 will attract investments for new oil and gasdiscoveries in a surface area 70,866 km2 large
2. Prospective resources of 4.228 million barrels are equivalent toalmost half of Mexico's proven reserves
3. Model contract provides certainty to both the Mexican Stateand industry participants
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