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ARTICLE · 15 JULY 2015

Mexico's Energy Ministry Plans Auctions For Extraction, Exploration Rights

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An amendment would likely result from information updates, the relinquishment of entitlement areas, and/or updates and amendments to project scopes and key policies.

MexicoEnergy and Natural Resources

Pursuant to the Mexican Hydrocarbons Law, its Regulations, and its fifth transitory article, the Mexican Ministry of Energy ("SENER"), following a technical proposal prepared by the National Hydrocarbons Commission ("CNH"), announced a Five-Year Public Tenders Plan (the "Plan"). The Plan establishes four rounds of tenders for exploration and extraction fields to take place between 2015 and 2019.

The Plan contemplates the auction of (i) 244 oilfields for extraction, with a remaining volume of 68,205 million barrels of oil equivalents ("MMBOE") and a total area of 7,966 km2; (ii) 379 areas of conventional hydrocarbon exploration with a prospective resource of 14,643 MMBOE and an area of approximately 136,630 km2; and (iii) 291 areas for the exploration of unconventional hydrocarbon resources with a prospective resource of 24,612 MMBOE and a total area of 33,959 km2.

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