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

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.

What's included?

This report includes 2 file(s)

  • Mexico's Round One deepwater exploration: big Gulf of Mexico opportunities PDF - 507.87 KB 6 Pages, 1 Tables, 4 Figures
  • Mexico's Round One - deepwater exploration.xls XLS - 110.50 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

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  • Companies will have at least nine months of data room access
  • Qualifications are stringent due to high costs and technical challenges
  • Attractive license regime will be used
    • The adjustment mechanism works as a windfall tax for unusually high profitability
  • 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

In this report there are 5 tables or charts, including:

  • Companies will have at least nine months of data room access
    • Mexico's Round One deepwater exploration: big Gulf of Mexico opportunities: Table 1
  • Qualifications are stringent due to high costs and technical challenges
    • Ten deepwater blocks on offer
  • Attractive license regime will be used
    • Maximum additional royalty depending on R-Factor
    • US GoM largest 20 fields run under Mexican license regime
    • Fiscal regime comparison of deepwater terms
  • Large companies have been waiting for this phase
  • Conclusion
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