Insight

Mexico's Round One deepwater exploration: big Gulf of Mexico opportunities

This report is currently unavailable

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

14 January 2016

Mexico's Round One deepwater exploration: big Gulf of Mexico opportunities

Report summary

The deepwater phase of Round One was launched on 17 December 2015 and will close sometime late-2016. We believe it will see high interest, particularly by Majors and Asian NOCs.  Companies have been waiting for years to replicate the success achieved across the border. This phase offers ten blocks in the Perdido and Salina del Istmo regions. Thanks to the phased roll-out of Round One, the government has had the chance to learn from previous mistakes and incorporate industry feedback into the deepwater license contract.

Table of contents

  • Companies will have at least nine months of data room access
  • Qualifications are stringent due to high costs and technical challenges
    • The adjustment mechanism works as a windfall tax for unusually high profitability
    • Majors have already spent billions on exploration and developing projects across the border
    • Asian NOCs want access to the resource base
    • A select group of Independents may want to showcase their expertise in deepwater
  • Conclusion

Tables and charts

This report includes 5 images and tables including:

  • Mexico's Round One deepwater exploration: big Gulf of Mexico opportunities: Table 1
  • Ten deepwater blocks on offer
  • Maximum additional royalty depending on R-Factor
  • US GoM largest 20 fields run under Mexican license regime
  • Fiscal regime comparison of deepwater terms

What's included

This report contains:

  • Document

    Mexico's Round One deepwater exploration: big Gulf of Mexico opportunities

    PDF 507.87 KB