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Oil & Money 2014 hosts unique opportunity to meet top Mexican government officials to fully explain the country's historic forthcoming bidding round.
Videos of the full session will be available shortly on www.oilandmoney.com.
Today the Adrienne Arsht Latin America Center welcomed Mexican Undersecretary of Energy Enrique Ochoa Reza as the keynote speaker at the launch of the center’s first publication, Mexico Rising: Comprehensive Energy Reform at Last? The undersecretary provided thoughtful and informative commentary supported by a PowerPoint.
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Oil & Money 2014 hosts unique opportunity to meet top Mexican government officials to fully explain the country's historic forthcoming bidding round.
Videos of the full session will be available shortly on www.oilandmoney.com.
Today the Adrienne Arsht Latin America Center welcomed Mexican Undersecretary of Energy Enrique Ochoa Reza as the keynote speaker at the launch of the center’s first publication, Mexico Rising: Comprehensive Energy Reform at Last? The undersecretary provided thoughtful and informative commentary supported by a PowerPoint.
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An overview of the Petroleum Industry Act 2021 in Nigeria by Bomes Resources Consulting. The regulatory framework for the petroleum industry in Nigeria. PIA repeals 6 laws and puts 2 other laws in a transition.
Oil field bids in Mexico: Round 1.3. “Onshore Fields”. Commerciality evaluati...Juan Diego Suarez Fromm
An Economical model for oil field development was built for onshore License Contracts in Mexico. Sensibility analysis for price, royalties and costs was performed. A conceptual profitability map was obtained, leading to some important conclusions for awarded Fields in Round One Bid #3. Some would be uncommercial and others would have critical performance due to very high offers in royalty. Sensibility analysis also shows that Government Revenue model promotes investments in a License Contract in oil price range between 30 and 100 usd/bbl; aiding the high royalties cases to achieve profitability under favourable costs conditions.
TYPES OF PETROLEUM CONTRACTS AGREEMENT; Product Sharing Contract/Agreement (PSC/PSA); Concession (or Tax-and-Royalty) Contracts; STABILIZATION; EGYPTIAN HYDROCARBON FISCAL REGIME;; Main Differences Concessionary & Production Sharing Contracts (PSCs); Participation/Joint Venture/ Association (or Arrangements); Service Contracts; WHAT CHOICES OF LAW ARE POSSIBLE? Rule of Capture; Law of the Sea Act 77 & the Rule of Capture; KEY ISSUES IN UNITIZATION AGREEMENTS; UNITIZATION CLAUSES; Discretionary Unitization Clauses; Non-Discretionary Unitization Clauses; Cross-border or International Unitization; EGYPT PETROLEUM FUTURE; UNDERSTANDING EGYPT; PRODUCTION SHARING CONTRACTS AND TAX BARRELS; Egypt Production Sharing Contract (PSC); Typical Egypt Development Lease
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The class include participants from both NOC’s, IOC’s contractors, which adds further realism to the exercises. The detailed training agenda can be downloaded here: http://bit.ly/1B2zMCL
For more information, email susy@asiaedge.net
On August 11, 2014, the secondary laws implementing the historic Mexican constitutional changes drastically reforming the energy sector, including oil and gas, and electricity, were officially published.
These reforms bring deep changes to the Mexican energy market and huge opportunities for investment.
Given the complexity of the changes, we have prepared a presentation as background for such a discussion, summarizing the context of the reforms and the fundamentals of the new scenario for investors.
Sanchez Devanny Eseverri
Business opportunities for energy companies interested in oil and gas, eolic and solar energy projects in Mexico.
To learn more go to:
http://www.energybusinessinmexico.com
TYPES OF PETROLEUM CONTRACTS AGREEMENT; Product Sharing Contract/Agreement (PSC/PSA); Concession (or Tax-and-Royalty) Contracts; STABILIZATION; EGYPTIAN HYDROCARBON FISCAL REGIME;; Main Differences Concessionary & Production Sharing Contracts (PSCs); Participation/Joint Venture/ Association (or Arrangements); Service Contracts; WHAT CHOICES OF LAW ARE POSSIBLE? Rule of Capture; Law of the Sea Act 77 & the Rule of Capture; KEY ISSUES IN UNITIZATION AGREEMENTS; UNITIZATION CLAUSES; Discretionary Unitization Clauses; Non-Discretionary Unitization Clauses; Cross-border or International Unitization; EGYPT PETROLEUM FUTURE; UNDERSTANDING EGYPT; PRODUCTION SHARING CONTRACTS AND TAX BARRELS; Egypt Production Sharing Contract (PSC); Typical Egypt Development Lease
INTERNATIONAL PETROLEUM CONTRACTS & PRACTICE IN NEGOTIATIONSpetroEDGE
This 5 days course (24-28 August 2015, Kuala Lumpur) will help you develop an in-depth understanding of the legal and contractual framework as applied in the upstream oil & gas industry. It opens with an explanation of the geopolitical forces which shape the modern oil industry and then covers the major technical, legal, financial, economic and fiscal issues that form current E&P agreements worldwide. You will learn the philosophy, evolution and fundamentals of international petroleum contracts.
The class include participants from both NOC’s, IOC’s contractors, which adds further realism to the exercises. The detailed training agenda can be downloaded here: http://bit.ly/1B2zMCL
For more information, email susy@asiaedge.net
On August 11, 2014, the secondary laws implementing the historic Mexican constitutional changes drastically reforming the energy sector, including oil and gas, and electricity, were officially published.
These reforms bring deep changes to the Mexican energy market and huge opportunities for investment.
Given the complexity of the changes, we have prepared a presentation as background for such a discussion, summarizing the context of the reforms and the fundamentals of the new scenario for investors.
Sanchez Devanny Eseverri
Business opportunities for energy companies interested in oil and gas, eolic and solar energy projects in Mexico.
To learn more go to:
http://www.energybusinessinmexico.com
Opportunities and Impressions of Open Round Colombia 2010 is an overview of the open licensing round to be held in Colombia in 2010. This presentation was presented in Houston, Texas on February 9th, 2010 as part of the road show for the open bid round This is a detailed overview of the requirements and opportunities of the blocks that are being put up for bid. If you have any questions please do not hesitate to contact me directly. We also have copies of the technical geologic analysis for every area being offered. doug.green@translation-source.com.
On April 4, 2016, the Atlantic Council’s Eurasian Energy Futures Initiative launched a report, Securing Ukraine’s Energy Sector, authored by Dinu Patriciu Eurasia Center’s Resident Senior Fellow, Anders Åslund.
Mexico's historic energy reforms continue to hold exciting promise for the country, achieving the requisite constitutional and implementing legislation over the last fifteen months. The global oil price climate, however, has prompted a few mid-course corrections to the rollout of the reforms. For Mexico to continue to attract excitement for its energy sector, the government will need to maintain a degree of flexibility while holding true to the principles of the reforms.
- Who are the key players to take advantage when fields are opened for bidding?
- How is Mexico structuring the future opportunities?
- Who are the decision-makers managing reforms and investments?
The video of this session from the 2014 Oil & Money Conference will be available shortly on www.oilandmoney,com
Midwest Energy Emissions Corp. (MEEC) delivers best-in-class, patented solutions for the coal-fired electric utility industry to achieve and maintain compliance with highly restrictive new EPA requirements on mercury smokestack emissions.
BALDVIN BJÖRN HARALDSSON, BBA LEGAL
IGC 2018 - Breaking the Barriers
The 4th Iceland Geothermal Conference will be hosted in Iceland in April 2018. The conference offers an in-depth discussion of the barriers that hinder development of the geothermal sector and how to overcome them. It also focuses on the business environment through three separate themes: vision, development, and operations. Having established itself as an important regular conference of the international community, IGC 2018 brought together more than 600 participants from 40 countries from around the world.
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Incentives to attract clean energy investmentsLeonardo ENERGY
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B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
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𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
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➢ WOW K-Music Festival 2023
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➢ Korean Vietnam Partnership - Fair with LG
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➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
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What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
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Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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1. PEMEX Investor Day London – October 29, 2014
Next Steps for the Successful and
Sustainable Development of Mexico’s
Most Promising Resources
Gustavo Hernández-García
PEMEX-Exploration & Production General Director
2. Content
Energy Reform in the context of Mexico´s transformation
agenda
PEMEX´s Partnership Strategy
Initiative of Migration of current service Contracts to the
new E&E Contracts
Farm Outs
Round One
1
3. Private
participation
Regulators
Changes to
PEMEX
Description
• The State retains ownership of sub-surface hydrocarbons
• Private ownership of hydrocarbons at wellhead conditions is allowed
• Four types of E&E contracts to be considered: service contracts, profit sharing,
production sharing and licenses
• SENER (Ministry of Energy) will define areas to be tendered and create model
contracts
• CNH (National Hydrocarbons Commission) will execute tender process and will
manage contracts with bidders
• SHCP (Ministry of Finance) will define fiscal terms of contracts (royalties, tax rates,
etc.)
• PEMEX will have budgetary autonomy
• Its organization and structure will be based on international best practices
• More freedom regarding procurement will be allowed
Key Reform Elements for Upstream
Source: SENER 2
4. Content
Energy Reform in the context of Mexico´s transformation
agenda
PEMEX´s Partnership Strategy
Initiative of Migration of current service Contracts to the
new E&E Contracts
Farm Outs
Round One
3
5. Optimal
• Keep core assets
• Strategic growth (DW and unconventional)
• A balanced E&E portfolio
The Benefits of Round Zero
Size of portfolio
Business
complexity
Too big
• Limited options for growth
• Inability to meet goals
• Unavoidable production
decline
+
-
- +
• Complexity to prioritize
• Difficulty reaching efficiency
• Financial resources
restricted
• Size reduction is needed
Too small
4
6. Developing a Significant Amount of Resources
4.2,
17%
20.6,
83%
State
PEMEX
Mexico’s 2P Reserves:
24.8 Bboe
Mexico´s Prospective Resources:
112.8 Bboe 1
PEMEX will increase efficiency taking advantage of the existing infrastructure
These resources will allow PEMEX an organic growth
89.4
23.4
1. Include Conventional and Unconventional Resources
89.4,
79%
23.4,
21%
State
PEMEX
It represents 93
percent of
Proved Reserves
5
7. PEMEX will transform itself to be able to compete and
maintain a leading position in a competitive landscape…
• Be the best investment option for the
monetization of Mexico’s hydrocarbon
resources and national development
• Continue to be one of the industry leaders
• Fast transformation to compete and
capture opportunities in an environment
with increasing technical complexity
• Strategic partnerships aimed at
maintaining PEMEX’s relevant position
PEMEX expectations post-Reform
• Human resources excellence
• Value-driven capital allocation
• Excellence on HSSE and Social
Responsibility performance
• Aggressive partnership
• Develop capabilities for complex projects
Strategic themes for E&E
6
8. JVs and JOAs hold 35% of Contracted Acreage and 71% of Total Reserves
PEMEX maintaining its leadership through JVs
Source: IHS 7
9. • A farm-out process will be implemented for select fields assigned to PEMEX in
Round Zero
• The farm-outs will enable the development of fields with high technical
complexity or high CAPEX requirements which otherwise would remain
underutilized
• Under the new legal framework, the existing contracts with the corresponding
contractors will be migrated into EEC
• By improving fiscal terms, contractors will gain access to additional resources,
currently classified as prospective or contingent, hence enhancing the reserves
and production for the contractor as well as earnings and taxes for the State
• PEMEX will develop technical and organizational capabilities to compete for
new blocks
• Capabilities acquired will allow to improve PEMEX’s position to compete for
blocks in future bidding rounds
Establish partnerships for
selected assigned fields to
PEMEX in Round Zero
Migrate the current E&P
Service Contracts (FPWC1
and EPIC2) into Exploration
and Extraction Contracts
(EEC)
Position PEMEX for
partnerships
in next rounds
PEMEX strategy in partnerships is focused on three
main major objectives
1. FPWC. Financed Public Work Contracts
2. EPIC. Exploration and Production Integrated Contracts
8
10. The span of ~14 month which started after the enactment of
the Reform will be key in the transition to an open market
Activity
2014 2015
Comments
08 09 10 11 12 01 02 03 04 05 06 07 08
PEMEX partnerships
Round One and subsequent
Round Zero results and
Round One publication
Definition of assets awarded to PEMEX and
assets to be tendered in Round One
Round One feedback
FPWC & EPIC Migration
Publication of terms and
conditions
Publication of model contracts between
Mexican State and operators
Terms and conditions
feedback
Bidding process and data
Room access
Bidders allowed to participate in the bidding
process. The ITT’s will be available by
phases according the type of play
Bidding process and
decision
Bidders submit proposals and bidding
process is undertaken
Mexico’s upstream sector future detailed timeline
1st stage 2nd stage
Shallow waters Extra-heavy oil Unconventional and Chicontepec Onshore Deepwater
Source: SENER 9
11. Upstream
Natural Gas and
Midstream
Description
• Cooperation in academic, scientific, technical and business areas, related to deepwater
projects, revitalization of mature fields, offshore extra-heavy oil fields, and others
upstream activities
• Exchange of experiences and best practices through visits, conferences and workshops
• Evaluation and cooperation regarding national and international business opportunities
of mutual interest
• Identification and analysis of possible joint cooperation opportunities on the development
of natural gas processing, transportation and storage projects, as well as liquefaction
and regasification facilities;
• Exchange of experiences and best practices through visits, conferences and workshops
• Evaluate areas of common interest and cooperation related to the marketing and trading
of products in international markets;
• Develop exchange programs of specialists through training programs
PEMEX intends to establish a cooperation framework with a number of
entities, through MOUs and/or Collaboration Agreements (CAs)
Source: SENER
This strategy is aimed at exchanging technical knowledge, information, experiences, and practices
regarding oil & gas opportunities
Activities
10
12. Safety &
Environmental
Human Capital
Description
• Exchange of best practices related to industrial safety and health at work
• Exchange experiences and best practices on the development and use of technology to
reduce greenhouse emissions and on sustainability initiatives
• Cooperating and exchanging knowledge and experiences on the design and creation of
learning and training programs that encourage human capital specialization, facilitating
exchanges of professionals, technicians and specialists including study visits on agreed
matters of interest, as well as exchange of best practices on talent management
• Organizing joint conferences, seminars, workshops, meetings, training sessions,
outreach and educational programs
• Facilitating the relationship amongst representatives of academia, industry and
government to promote best practices and technical solutions to matters of common
interest to the Parties; engaging in such other activities as the Parties consider
appropriate
PEMEX intends to establish a cooperation framework with a number of
entities, through MOUs and/or Collaboration Agreements (CAs)
Source: SENER
• MOUs and CAs constitute an expression of non-binding intent and are not intended to create, nor shall it be
deemed to create, any legally binding obligations enforceable between the Parties
Activities
11
14. Northern Region
Marine Regions
Southern Region
Pemex has diverse infrastructure strategically distributed
along the different regions across the country
258 platforms
1 FPSO, 1 FSO
41,577 km of pipelines
1 Storage terminal
773 production facilities
9,449 operating wells
13
15. Short Term
Medium Term
Long Term
New era in Mexico presents significant opportunities
to grow
2.6-3.0
• Round Zero
• E&E Contracts
• Round Zero plus future
Rounds
• E&E Contracts
Extra-heavy oil
Unconventional
Chicontepec
• Round Zero plus future
Rounds
• E&E Contracts
Extra-heavy oil
Unconventional
Chicontepec
Deepwater
Million barrels per day
2.4-2.6
2.3-2.4
14
16. The State decision to grant resources in
deepwater and shale areas allows PEMEX
to diversify its portfolio of E&P projects as
well as to improve capabilities to compete
and develop additional areas in the future
15
17. Content
Energy Reform in the context of Mexico´s transformation
agenda
PEMEX´s Partnership Strategy
Initiative of Migration of current service Contracts to
the new E&E Contracts
Farm Outs
Round One
16
18. Migrationinitiative
Results
Background
E&P Service Contracts
were created to promote
private capital investment
in key assets
25 to 35 years term
including exploration,
development and production
• Fee per barrel plus partial
cost reimbursement
• Minimum CAPEX
commitment
• Contracts were tendered
using the fee per barrel as
the bid awarding variable
Three rounds of EPIC
were held with mixed
results
South Region mature
fields: Two of the three
tendered areas created
widespread interest, all of
them were awarded
• North Region mature
fields: One of the six
tendered areas failed to
create widespread
interest; the area was not
awarded
• Chicontepec tight plays:
All of the six tendered
areas were awarded
Given the new
legislation, FPWC &
EPIC will be migrated
to joint ventures
between PEMEX and
operators, with E&E
Contracts with the
State
Asset valuation and JV
model creation
• Negotiation and
agreement between
PEMEX and operator
• Authorization and
signing of E&E
Contract
An initiative, already in progress, is related to the migration
of E&P Service Contracts into the new E&E Contracts
17
19. 11 E&P Service Contracts will be migrated within the
next 6 months
Asset Fields
Years under
contract
execution
Area
(km2)
2P Reserves
(MMBBOE)
3P Reserves
(MMBBOE)
Resources
(MMBBOE)
Production
(As of may 2014)
Investment
(USD MM)
Oil
(MBD)
Gas
(MMCFD)
2013
2014-
2015
Cinco
Presidentes
Magalla
nes
2.7 169 36 93 - 7.4 10 138 133
Bellota-Jujo
Santua
rio
2.7 130 41 41 - 8.0 4 200 133
APPRA Altamira 1.8 1,625 6 13 13 2.1 0 50 72
APPRA Arenque 1.6 2,035 66 82 994 5.4 0 241 215
APPRA Pánuco 1.8 1,839 29 37 132 1.6 8 155 331
APPRA San Andrés 1.8 209 202 531 100 3.2 0 86 177
APPRA Tierra Blanca 1.8 358 36 60 37 1.4 0 137 103
Burgos Nejo 7.3 1,165 32 44 - 9.9 210 450 602
Burgos Olmos 10.5 358 13 45 - 0.0 3 20 108
Burgos Misión 10.6 1,972 68 81 - 0.0 110 110 179
APPRA Ébano 10.9 1,584 40 56 - 0.3 0 249 575
Total 11,444 569 1,083 1,276 39 345 1,836 2,628
Burgos
APPRA
Bellota-
Jujo
Nejo
Misión
Olmos
Ébano
Panuco
San Andrés
Altamira Aranque
Tierra Blanca Magallanes
Santuario
Cinco
Presidentes
18
20. Asset Field
Years under
contract
execution
Area
(km2)
2P Reserves
(MMBOE)
3P Reserves
(MMBOE)
Resources
MMBOE)
Production Historical
investment
(USD MM)
Oil
(MBD)
Gas
(MMCFD)
Burgos Pirineo1 9.3 3,840 11 16 - 0 24.3 525.5
Burgos Cuervito1 10.6 231 58 68 - 0.65 30.6 311.1
Burgos Fronterizo1 10.6 231 31 35 - 0.41 26.6 270.4
Burgos Monclova1 7.3 3,358 3 4 - 0 17.9 490.6
ATG Amatitlán 0 230 368 929 252 0.1 0.1 -
ATG Miahuapan 0 128 88 279 101 0.3 0.4 -
ATG Miquetla 0.7 112 195 224 86 0.9 2.5
ATG Pitepec 0.1 230 440 1,049 252 0.1 0.1 -
ATG Humapa 0.7 128 260 503 157 1.1 2.1 -
ATG Soledad 0.7 125 179 281 128 3.4 8.1 -
Samaria Carrizo2 2.4 13 6 51 - - - -
Total 8,626 1,639 3,439 976 7 113 1,598
11 additional E&P Service Contracts will be updated
during the second stage
1. Oil production is referred as condensate production
2 Suspended
19
21. Content
Energy Reform in the context of Mexico´s transformation
agenda
PEMEX´S Partnership Strategy
Initiative of Migration of current service Contracts to the
new E&E Contracts
Farm Outs
Round One
20
22. The JV process could occur within a wide variety of assets
such as mature fields, extra-heavy oil and deepwater (1/2)
Fields Description
Rodador • Onshore fields producing for more than 10 years
Ogarrio • Require secondary-recovery and improved-recovery methods
Cárdenas – Mora • Access to capital to accelerate hydrocarbons recovery
Samaria (Tertiary)
Mature onshore
Mature offshore
(shallow waters)
Assets considered for partnership with PEMEXAsset group
(approximate location)
Bolontikú • Shallow water fields
Sinán • Producing fields for more than 10 years
Ek (UOJ)
• Require secondary-recovery and improved-recovery methods
• Access to capital to accelerate hydrocarbons recovery
21
23. The JV process could occur within a wide variety of assets
such as mature fields, extra-heavy oil and deepwater (2/2)
Assets considered for partnership with PEMEX
Fields Description
Ayatsil • Shallow water fields close to the Ku-Maloob-Zaap complex
Tekel • Extra-heavy oil in the range of 6.5 to 13.5° API.
Utsil • Ayatsil field under development. First production in the 4Q-2014
Kunah
• Non-associated gas fields located southward the Mexican GOM
• Water depth lower than 2,000 meters
• Undeveloped fields
Piklis
• Close to the Lakach field, the first Mexican gas field developed
in deepwater
Extra-heavy oil
Asset group
(approximate location)
Trión
• Light oil fields located at the Perdido Area in deepwater of the
Mexican GOM
Exploratus
• Water depth greater than 2,500 meters
• Undeveloped fields
Maximino
Deepwater gas
Deepwater oil
22
24. Ministry of Energy
(SENER)
National
Hydrocarbons
Commission
(CNH)
Ministry of
Finance (SHCP)
Roles and responsibility
• Approves migration of assignments to E&E Contracts
• Select areas for bidding processes
• Develop technical design of exploration and extraction contracts and guides to execute bidding
processes for areas
• Define prequalification criteria
• Participates in promotion events
• Prepare data rooms
• Issue bidding packages
• Execute bidding processes for fields and areas
• Subscribes the contract representing the State
• Management of exploration and production contracts with O&G companies
• Establish fiscal terms and economical conditions (royalties, taxes, etc.) of exploration and
extraction contracts
• Defines bidding award variables
The Energy Reform has defined new roles for key
authorities which set policies and rules in the sector
Authority / Company
Authorities responsibilities
23
25. Select JVs areas
• Determine areas that will be migrated to E&E contracts
• Determine whether PEMEX intends to have a sole operatorship role in the
contract or a partnership strategy
According to the law, PEMEX will have key responsibilities in
this process to ensure success in building JV partnerships
Assignment Migration with Partners
• Request to SENER to formally migrate entitlements to Exploration and
Extractions contracts
• Prepare favorable opinion on technical, financial, execution and experience
elements that legal entities should comply and be converted to technical criteria
to be used in SENER’s bidding process
• Opinion on prequalification of partners in the bidding processes to be executed
by CNH
Request migration
Favorable Opinion on
technical elements,
etc.
Opinion on candidate
prequalification criteria
24
26. Content
Energy Reform in the context of Mexico´s transformation
agenda
PEMEX´s Partnership Strategy
Initiative of Migration of current service Contracts to the
new E&E Contracts
Farm Outs
Round One
25
27. Shallow water
Strategy
• Access additional areas to complement portfolio to take advantage of technical and
operational knowledge and existing infrastructure
Round One will focus heavily on partnerships for
technology and execution capacity
Opportunities
Assets up for tender under Round One
Extra-heavy oil • Develop clusters to take advantage of existing infrastructure
Unconventional
and Chicontepec
• Oil and rich gas areas
• Existing infrastructure
Onshore • Management of mature fields through improved processes and existing infrastructure
Deepwater
• Frontier exploration to diversify PEMEX portfolio
• Access to low risk areas
26
28. Both PEMEX and Partners can benefit from a JV in
Round Zero and Round One assets (1/2)
Expected value proposition from partners in a JV
Strategic Objectives
• Accelerate development of deepwater, extra-heavy oil and unconventional
projects
• Improve financial returns
• Gain access to new markets
• Acquire new technical and operational capabilities
• Minimize/share risk
• Improve project management and supply chain management skills in
complex projects and new plays
27
29. Why Mexico?
• Mexico is the 9th world oil producer with a
large and diversified endowment of resources
• Mexico is a country integrated to the global
dynamics, with a high diversity of international
trade agreements and member of the NAFTA.
Free flow of people and goods
• Existing local supplier base and proximity to
one of the more sophisticated supply industry
hubs in the world
• Macroeconomic and political stability for
investments
Why PEMEX?
PEMEX is a well established operator with long
history, good track record and experience, as
well as:
• Unparalleled understanding of the country’s
geology
• Knowledge of domestic E&P regulation
• Existing production infrastructure to expedite
commercializing
• Well established supply chain
• Expertise in stakeholder and community
management
Both PEMEX and Partners can benefit from a JV in
Round Zero and Round One assets (2/2)
28