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Mexico's Round One — shallow-water exploration results: critical lessons for future licensing phases

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On 15 July 2015, the first phase of Mexico's Round One concluded with the awarding of two of the fourteen exploration blocks on offer in the shallow waters of the Bay of Campeche. While the results did not meet these expectations, three positive aspects of the closing were the diversity of peer groups represented, the amount of bids close to the government minimum, and the fact that this phase will serve as a learning experience for the future.

Table of contents

  • Two of the fourteen blocks on offer awarded
  • Bids per company
  • Cash flow/boe and IRR sensitivity based on government profit share bid levels
  • Government's minimum acceptable profit share and highest bids per block
  • Close bidding well above the minimum acceptable government profit share
  • Cash flow per boe and government take sensitivity based on discovery size
  • Share of project cash flow and company IRR: Costs sensitivity
  • Share of project cash flow and company IRR: Oil price sensitivity

Tables and charts

This report includes 8 images and tables including:

  • Mexico's Round One — shallow-water exploration results: critical lessons for future licensing phases: Image 1
  • Mexico's Round One — shallow-water exploration results: critical lessons for future licensing phases: Image 2
  • Mexico's Round One — shallow-water exploration results: critical lessons for future licensing phases: Image 3
  • Mexico's Round One — shallow-water exploration results: critical lessons for future licensing phases: Image 4
  • Mexico's Round One — shallow-water exploration results: critical lessons for future licensing phases: Image 5
  • Mexico's Round One — shallow-water exploration results: critical lessons for future licensing phases: Image 6
  • Mexico's Round One — shallow-water exploration results: critical lessons for future licensing phases: Image 7
  • Mexico's Round One — shallow-water exploration results: critical lessons for future licensing phases: Image 8

What's included

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    Mexico's Round One - shallow-water exploration results: critical lessons for future licensing phases

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