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Mexican National Hydrocarbons Commission Issues First Call for Round One Bids

Mexican National Hydrocarbons Commission Issues First Call for Round One Bids

On December 11, 2014, the National Hydrocarbons Commission of Mexico (Comisión Nacional de Hidrocarburos) ("CNH") announced in the Federal Register (Diario Oficial de la Federación) the first call for bids to participate in the Round One auction of oil and gas properties in Mexico ("Call to Bid"). Round One will feature 14 shallow water blocks. Interested domestic and international parties (including Mexican state production companies such as Pemex) may submit bids for multiple blocks, and each successful bidder will enter into a production sharing contract for its block. As part of the Call to Bid, the CNH also published the model production sharing contract. 

The following schedule for Round One was also published:

 

Event

Date

Issue of Call to Bid and bidding guidelines

12/11/14

Issue of revised bidding guidelines (includes the first draft of the contract)

03/13/15

Issue of final bidding guidelines (includes the final draft of the contract)

06/15/15

Period to request access to the Data Room (which will require payment)

12/11/14 to

03/16/15

Access to the Data Room

01/15/15 to 07/14/15

First stage of clarifications (access to the Data Room)

12/11/14 to 02/25/15 (the deadline to submit Q&As is 02/20/15)

Second stage of clarifications (prequalification)

 

12/11/14 to 03/11/15 (the deadline to submit Q&As is 03/05/15)

Third stage of clarifications (filing and opening of proposals, awards, and contracts)

 

04/28/15 to 06/15/15 (the deadline to submit Q&As is 06/01/15)

Period to pay for registration and request appointment for prequalification

12/11/14 to 03/16/15

Submission of prequalification documents

12/11/14 to 03/31/15

Prequalification (review of documentation by the Bid Committee)

12/11/14 to 04/23/15

Issue of the list of parties that are prequalified to participate in Round One

04/27/15

Deadline to request financial partners (not prequalified) in the structure of joint bidders.

05/20/15

Deadline to request authorization to change the structure of joint bidders.

 

06/10/15

Deadline to respond to requests for (i) authorization to change the structure of joint bidders, and (ii) the inclusion of possible financial partners (not prequalified) in the structure of joint bidders.

06/15/15

Opening of proposals and announcement of winning bidders

07/15/15

Resolution issued by the Mexican government making the award official and publication in the Federal Register (Diario Oficial de la Federación)

07/17/15

Deadline for execution of the contracts

08/21/15

 

To participate in Round One, an interested bidder must pay (i) Mex$5.3 million (approximately US$359,300 to access the Data Room and (ii) Mex$280,000 (approximately US$19,500 to prequalify and to be eligible to submit bids.

Lawyer Contacts

For further information, please contact your principal Firm representative or one of the lawyers listed below. General email messages may be sent using our "Contact Us" form, which can be found at www.jonesday.com.

José A. Estandía
Mexico City
+52.55.3000.4081
[email protected]

Alberto de la Parra
Mexico City
+52.55.3000.4087
[email protected]

Scott Schwind
Houston
+1.832.239.3710
[email protected]

Alejandro Creel
Mexico City
+55.52.3000.4070
[email protected]

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