Insight
Mexico’s Round Two deepwater phase poised for success
Report summary
Mexico has debuted its latest deepwater licensing round - an assortment of thirty blocks across four different basins. The fiscal terms are almost identical to the ones used in the successful Round One deepwater phase. These terms are competitive against rivals such as the US GoM and Brazil, which is very important given the competition for capital due to low oil prices. We expect explorers to hone in on the Perdido and Salinas Sureste basins, the crown jewels of the round.
Table of contents
- Companies will have six months of data room access
- Cash tiebreaker will be incorporated into Round One deepwater fiscal regime
- Mexico fiscal terms are very competitive
- Incumbents will jockey for blocks in Salinas Sureste and Sabinas Rio Grande basin
- Conclusion
Tables and charts
This report includes 4 images and tables including:
- Fiscal benchmarking using government share and company IRR
- Perdido could present opportunities to grow existing positions
- A number of blocks are in the underexplored Tampico and Veracruz basins
What's included
This report contains:
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