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Mexico's Round One - competitive minimums set for shallow-water development phase

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Report summary

On 14 September Mexico's Finance Ministry announced the minimum acceptable bids for the shallow water development opportunities phase in Round One. The announcement comes two weeks ahead of the phase's closing on 30 September 2015. We consider the minimum acceptable bids to be internationally competitive and believe that around two thirds of the qualified companies could place bids. We believe this will result in at least three of the five available areas being awarded.

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Tables and charts

This report includes 5 images and tables including:

Images

  • Mexico's Round One - competitive minimums set for shallow-water development phase: Image 2
  • Mexico's Round One - competitive minimums set for shallow-water development phase: Image 3
  • Company IRR sensitivities to changes in cost, production, and oil prices

Tables

  • Minimum acceptable government profit share bids per area
  • List of qualified companies

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