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Mexico's Round One deepwater - low minimums are set to make it a success

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Report summary

The Mexican government has announced very low minimum acceptable bids for Round One's deepwater exploration phase. Companies may also decline to drill a well and relinquish after the initial four year exploration period, further lowering risk. Given that all blocks received at least one industry nomination, we now believe all will be awarded.

What's included

This report contains

  • Document

    Trion Licensing.xls

    XLS 189.00 KB

  • Document

    Mexico's Round One deepwater - low minimums are set to make it a success

    PDF 1.96 MB

  • Document

    Mexico's Round One deepwater - low minimums are set to make it a success

    ZIP 2.02 MB

Table of contents

  • Salina del Istmo acreage has the lowest minimums due to its frontier nature
  • Minimum work commitment for each deepwater exploration block

Tables and charts

This report includes 6 images and tables including:

Images

  • Mexico's Round One deepwater - low minimums are set to make it a success: Image 2
  • The Trion block is strategically located in the heart of Perdido
  • Consortia's IRR and government take depending on tiebreaker lump sum payment
  • Trion NPV split depending on tiebreaker lump sum payment
  • Trion breakeven Brent price based on tiebreaker lump sum payment

Tables

  • Mexico's Round One deepwater - low minimums are set to make it a success: Table 1

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