With the first four stages of Round One out of the way, mid-2017 will see the initiation of the National Hydrocarbons Commission’s second leg of licensing rounds: Round 2.1, 2.2 and 2.3. The success of December’s deepwater round is still fresh and hopes are high for the onshore and shallow water rounds to be held this year. Below is a breakdown of the licensing rounds planned for 2017.
Fifteen shallow water exploration and extraction blocks will be auctioned in the first stage of Round Two, with the final results due to be announced on June 19. By early February, 23 companies had qualified to access the data room.
Ten of the 15 fields, which are spread along the coast of Veracruz, Tabasco and Campeche, contain crude oil and gas reserves, while the remaining five contain gas reserves only. They range in area from 466km2 to 972km2, with an average size of 595km2.
Interested parties have had since Aug. 1 to access the data room where seismic studies are available for viewing. They have until March 24 to subscribe for prequalification in the round.
Possible Farm-out With Round 2.1
On Oct. 18, 2016, PEMEX sent an application to SENER for approval to farm out its Ayin and Batsil shallow water oilfields, following its first such farm-out of the deepwater Trion block in December, which was won by BHP Billiton. Information on the Ayin and Batsil area is now available for third party viewing through CNH’s website and it could be auctioned on June 19, together with the 15 blocks in Round 2.1.
The second leg of Round Two brings us back onshore with 12 land-based exploration and extraction blocks auctioned on July 12, around a month after the announcement of Round 2.1’s winners. By late January, four companies had prequalified to access the data room: Geo Power Solution, Gran Terra México Energy, Tecpetrol International and Total E&P México
Nine of the blocks are located in the northeast regions of Tamaulipas and Nuevo Leon, aka the Burgos Basin, and contain gas reserves only. The remaining three are in the southeast regions of Chiapas and Tabasco, and contain superlight and light crude oil reserves. They are all similar in surface area, ranging from 360km2 to 479km2, with an average area of 396km2.
Before the auction opens and the winners of Round 2.2 are announced on July 12, interested participants can access the data room until the day before, July 11. The companies prequalified to bid on the round will be announced on June 14.
We remain on dry land for the third leg of Round Two, which will take place on July 12, the same day that Round 2.2’s winners are announced. According to CNH’s website, eight companies have shown interest in prequalifying for the round so far, which includes 14 onshore exploration and extraction blocks spanning the Burgos, Tampico-Misantla, Veracruz and Cuencas del Sureste areas.
The majority are smaller in size than the blocks to be auctions in Rounds 2.1 and 2.2, with the smallest being 72km2 and the average standing at 185km2. Five contain a mix of light oil and dry gas, four contain wet gas, four contain light oil only and one contains dry gas. Notably, half the blocks on offer come with 90 percent or more 3-D seismic coverage.
Information & images sourced from http://rondasmexico.gob.mx/