Second Call For Round One

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