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


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

Report summary

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.

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  • Mexico's Round One - shallow-water exploration results: critical lessons for future licensing phases PDF - 498.18 KB 8 Pages, 0 Tables, 8 Figures

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  • 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

In this report there are 8 tables or charts, including:

  • Two of the fourteen blocks on offer awarded
    • Mexico's Round One — shallow-water exploration results: critical lessons for future licensing phases: Image 1
  • Bids per company
    • Mexico's Round One — shallow-water exploration results: critical lessons for future licensing phases: Image 2
  • Cash flow/boe and IRR sensitivity based on government profit share bid levels
    • Mexico's Round One — shallow-water exploration results: critical lessons for future licensing phases: Image 3
  • Government's minimum acceptable profit share and highest bids per block
    • Mexico's Round One — shallow-water exploration results: critical lessons for future licensing phases: Image 4
  • Close bidding well above the minimum acceptable government profit share
    • Mexico's Round One — shallow-water exploration results: critical lessons for future licensing phases: Image 5
  • Cash flow per boe and government take sensitivity based on discovery size
    • Mexico's Round One — shallow-water exploration results: critical lessons for future licensing phases: Image 6
  • Share of project cash flow and company IRR: Costs sensitivity
    • Mexico's Round One — shallow-water exploration results: critical lessons for future licensing phases: Image 7
  • Share of project cash flow and company IRR: Oil price sensitivity
    • Mexico's Round One — shallow-water exploration results: critical lessons for future licensing phases: Image 8
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