Second Tender of Round 3 Publicada en 1 Febrero, 2018

Second Tender of Round 3

On January 24, 2018, the National Hydrocarbons Commission ("CNH") released the bidding guidelines for tender number CNH-R03-L02/2017 for the awarding of exploration and extraction of hydrocarbon license contracts in onshore contractual areas (the "Tender").

The Tender is composed of 37 contractual areas located in three different sectors: (i) Burgos, (ii) Tampico-Misantla-Veracruz, and (iii) Cuencas del Sureste.

Location:

Characteristics:

Pursuant to CNH information, Round 3.2 includes:

• 37 conventional onshore areas with an approximately surface of 9 thousand 513 square kilometers.
• Prospective resources of approximately 260 million of barrels of crude equivalent oil.