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Mexico's Round One Trion JV: first mover opportunity in the Perdido Area

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Report summary

Mexico has announced Round One s biggest prize. The Trion deepwater oil discovery will be offered in tandem with the ongoing deepwater exploration round. The winner will acquire a 55% stake and operate with Pemex retaining 45%. The closing date is 5 December 2016. If the government sets a reasonable bid range we believe Trion will be awarded and expect first oil by 2022.

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  • Document

    Mexico's Round One Trion JV: first mover opportunity in the Perdido Area

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Table of contents

Tables and charts

This report includes 5 images and tables including:

Images

  • Current deepwater (400 meters +) production of companies that meet operator criteria and are qualifying for the deepwater phase
  • Required combinations of royalty bids and tiebreaker bids to achieve IRR thresholds
  • The bidding consortium pays most of the costs early on

Tables

  • Mexico's Round One Trion JV: first mover opportunity in the Perdido Area: Table 1
  • Mexico's Round One Trion JV: first mover opportunity in the Perdido Area: Table 2

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