Insight
Mexico's Round One deepwater exploration: big Gulf of Mexico opportunities
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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
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Attractive license regime will be used
- The adjustment mechanism works as a windfall tax for unusually high profitability
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Large companies have been waiting for this phase
- 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:
- 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:
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