Round 1 Results: First Bid

Transcription

1 July 15, 2015 Round 1 Results: First Bid Award of contracts What was bid on? 14 areas of shallow water for exploration and subsequent production operations. More than 4 mil km 2 distributed across the states of Campeche, Tabasco and Veracruz. Type of contract: Shared Production. The contract ensured the maximum amount of oil revenue for the State. July 15, 2015 Today the National Hydrocarbons Commission (CNH) undertook the hydrocarbons exploration contract award process as stated in it December 11, 2014 invitation to bid. In accordance with the procedures established for this purpose, the CNH based the bid award process on the transparency guidelines set forth in the new regulations: the opening of technical and economic proposals will take place in real time and in public to enable bid participants to follow the procedure. The contract specified that an adjustment mechanism would be used to ensure the maximum amount of oil revenue for the State. Likewise, once awarded, the contracts will undergo environmental impact evaluations.

2 List of participants Atlantic Rim México, S. de R.L. de C.V. BP Exploration México, S.A. de C.V. No available data The world s third largest private oil company. Casa Exploración, L.P. Chevron Energía de México, S. de R.L. de C.V. Cobalt Energía de México S. de R.L. de C.V. CNOOC International Limited Compañía Española de Petróleo, S.A. (CEPSA) DIAVAZ Offshore, S.A.P.I. de C.V. E&P Hidrocarburos y Servicios, S.A. de C.V. Eni International B.V. ExxonMobil Exploración y Producción Galp Energía E&P B.V. Hess News Ventures Limited Hunt Overseas Oil Company INPEX CORPORATION Japan Oil, Gas and Metals National Corporation Japan Petroleum Exploration Co. Ltd LUKOIL Overseas Netherlands B.V. MAERSK OLIE OG GAS A/S Marathon Offshore Investment Limited Mitsubishi Corporation Private oil and gas company focused on exploration and development projects. It is the first in Latin America. Created in 1911, Chevron has been one of the world s largest oil companies and owns large oil and gas fields. It is one of the world s largest industrial companies. Oil exploration, evaluation, development, and production company. China s largest producer of deep sea crude oil and natural gas, and one of the world s largest independent oil and gas exploration and production companies. Spain s first private oil company. It is involved in all stages of the oil value chain. It began business in 1973 as a commercial diving company offering offshore services to Mexico s oil industry. No available data. Created in 1953 as an Italian government public oil company, in 1992 it was privatized. It is engaged in oil, gas and electricity sector activities. Founded in 1870 as Standard Oil Company, it is one of the world s largest oil companies engaged in oil and natural gas exploitation, elaboration and marketing as well as the manufacture of chemicals, fertilizers and plastics. A Portuguese company engaged in activities ranging from the exploitation and production of oil and natural gas and oil product refining and distribution, to the distribution and sale of natural gas and electricity generation. An independent energy company engaged in crude oil and natural gas exploration and production. Undertakes exploratory drilling operations under diverse weather conditions both on land and offshore in different countries around the world. A Japanese oil company engaged in oil and gas exploration and production. A mining, oil and gas company created in Hydrocarbon exploration, production, and transportation company. Its proven reserves amount to 272 million barrels in Japan and the rest of the world. Russian oil company and the second largest in terms of crude oil reserves only after Exxon. It undertakes oil and gas exploration and production in Russia as well as in 36 other countries. Maersk Oil s total production is 550,000 barrels per day. Production comes from Denmark, the UK, Qatar, Kazajstán, the USA. Gulf of Mexico, Brazil, and Argelia. Independent international exploration and production company.. Multinational integrated business company operating in virtually all industries, including industrial financing, energy, metals, machinery, chemical production, food, and environmental resources. Murphy Worldwide, Inc. Company engaged in onshore oil and natural gas production. NBL México Inc. Nexen Energy Holdings International Limited Mexican oil company and participant in first bid. Canadian oil and gas company. Nexen became subsidiary CNOOC Limited, It specializes in the treatment of tar sands and shale gas. 2 Ronda 1

3 ONGC Videsh Limited Pacific Rubiales E&P México, S.A.P.I. de C.V. Pan American Energy LLC Petrobal, S.A.P.I. de C.V. Petróleo Brasileiro México, S. de R.L. de C.V. PETRONAS Carigali International E&P B.V. Pacific Rubiales E&P México S.A.P.I. de C.V. Plains Acquisition Corporation Pluspetrol México B.V. Premier Oil PLC Shell Exploración y Extracción de México, S.A. de C.V. Statoil E&P México, S.A. de C.V. Sierra Oil &Gas, S. de R.L. de C.V. ONGC Videsh s main business consists of prospecting cultivated oil and gas areas outside India, including oil and gas exploration, development and production. Canadian oil company that has created a subsidiary in Mexico as a result of energy reform. Company engaged in oil and gas exploration and production. It is Argentina s largest hydrocarbon production company. Grupo Bal oil company created for hydrocarbon exploration and exploitation. Grupo Bal participates in the mining sector and is the world s largest silver producer. A Brazilian company engaged in the sale and production of gasolines, lubricants, diesel and fuels for cars, planes, ships and trains. They began operations in Mexico as natural gas exploration and production service contract operators in Cuenca de Burgos. They currently make scientific and technological contributions. PETRONAS is a Malaysian company founded in 1974 that owns and manages oil and gas assets. It has 103 subsidiaries and ventures with 55 companies around the world. A Canadian public company engaged in natural gas and crude oil exploration and production. US oil company headquartered in Houston, Texas. It began operations in the energy sector with fuel production and transportation. An Argentine company engaged in oil and gas exploitation and production. It also participates in electricity generation. British oil company that participates in oil and gas fields in the North Sea, Southeast Asia, the Middle East, Africa, Pakistan, and the Falkland Islands. An energy company that has operated in Mexico for more than 50 years engaged in the distribution and marketing of petrochemicals and lubricants. More recently, it is engaged in the importation and sale of liquid natural gas. A pioneer Norwegian energy company created in An independent oil and gas company with broad experience in the energy supply chain in Mexico. Talos Energy LLC A US company engaged in independent oil and gas exploration and production. Tullow México B.V. Total, S.A. Woodside Energy Mediterrean Pty LTD Founded in 1985, it is a London-based oil exploration company. Its exploration and production asset portfolio includes interests in 96 licenses in 10 countries. Petrochemical and energy sector business group engaged in the manufacture of car lubricants and industrial lubricants. An Australian company in the oil and gas sector. It is Australia s largest independent company. PwC Mexico 3

4 According to CNH data, the results of the first bid were: 49 companies expressed an interest 41 had access to the data room 39 companies accessed the data room 34 began the prequalification process 25 passed prequalification 18 are individual participants 7 are part of a consortium s 1. BP Group Exploration S.A. de C.V. Galp Energía E&P B.V. 2. ENI International B.V. CASA Exploration, L.P. 3. Murphy Worldwide, Inc. PETRONAS Carigali International E&P b.v. 4. Pan American Energy LLC E&P Hidrocarburos y Servicios, S.A. de C.V. 5. Talos Energy LLC Sierra Oil &Gas, S. de R. de C.V. Premier Oil PLC 6. Tullow México B.V. PETROBAL S.A.P.I. de C.V. 7. Woodside Energy Mediterranean Pty LTD Diavaz Offshore, S.A.P.I. de C.V. Pluspetrol México B.V. 4 Ronda 1

5 Outcome of the process All areas except 2 and 7 were declared deserted, mostly for not filing stakeholders, and in other cases as areas 4, 6 and 12, were presenting themselves proposals, but they were disqualified for failing to meet the minimum values by SHCP. The winning company There were five economic proposals for area 7 from different companies. The final winner was Sierra Oil& Gas, Talos Energy and Premier Oil PLC, followed by Statoil E&P México, S.A. de C.V in second place. Areas 8, 9, 10, 11, 13, and 14 were cancelled, as no proposals were ; area 12 was cancelled as there was only one proposal, which was rejected owing to values below the required minimum. That was how Round 1 concluded. On Friday, the winning companies will be informed of the final decisions. PwC Mexico 5

6 Table of winners by area Prequalification criteria and contract models for individual participants and consortiums established mandatory financial and operating requisites. Field General data Winner Second place 1 Area: 194 km2 s Probability of commercial success: 31% 2 Area: 194km2 s Probability of commercial success : 20% Consorcio: Sierra Oil &Gas, S. de R.L. de C.V., Talos Energy LLC y Premier Oil PLC Hunt Overseas Oil Company 3 Area:233km2 s Probability of commercial success: 24% 4 Area: 233 km2 Probability of commercial success : 33% (1 proposal which was rejected ) 5 Area:466km2 Probability of commercial success :14% 6 Area:466 km2 Probability of commercial success :32% (1 proposal which was rejected ) 7 Area: 465 km2 Probability of commercial success :14% Consorcio: Sierra Oil &Gas, S. de R.L. de C.V., Talos Energy LLC y Premier Oil PLC Statoil E&P México, S.A. de C.V. 8 Area:116km2 Main hydrocarbon: Extra heavy oil Probability of commercial success : 54% 9 Area: 116km2 Main hydrocarbon: Extra heavy oil Probability of commercial success : 23% 6 Ronda 1

7 Field General data Winner Second place 10 Area: 232km2 Main hydrocarbon: Light and heavy oil Probability of commercial success : 28% 11 Area: 309km2 Main hydrocarbon: Extra heavy oil Probability of commercial success : 36% 12 Area:387km2 Main hydrocarbon: Heavy oil Probability of commercial success : 42% (1 proposal which was rejected ) 13 Area: 501 km2 Main hydrocarbon: Heavy oil Probability of commercial success :31% 14 Area: 310 km2 Main hydrocarbon: Humid gas Probability of commercial success : 6% PwC Mexico 7

8 Contacts Guillermo Pineda PwC Mexico Energy Leader (+52) Fabian Mateos A Risk Assurance fabian.mateos@mx.pwc.com (+52) Irene Hernández Tax and Legal Services irene.hernandez@mx.pwc.com (+52) Francisco Ibañez Advisory (+52) Follow us: 2015 PricewaterhouseCoopers, S.C. All rights reserved. PwC refers to the Mexico member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see for further details. Made by MPC: ms-Ronda1-licitacion