Round 1 - Ronda1.gob.mx

Transcription

Round 1 - Ronda1.gob.mx
LICENSE CONTRACT MODEL
ROUND 1: THIRD INVITATION TO BID,
ONSHORE FIELDS
Bidding Process CNH-R01-C03/2015
May, 2015
Round 1
FIRST APPROACH
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Round 1
NORTH REGION – FIELDS
 9 Contractual areas
 9 Dry gas fields
 Original Oil in Place: 1,386 MMMcf
 Cumulative production: 411 MMMcf
 Surface area ranging from 3,954 to
33,359 acres (16 to 135 km2 )
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Round 1
NORTH REGION – SEISMIC AND INFRASTRUCTURE
 9 Contractual areas
 9 Dry gas fields
 Original Oil in Place: 1,386 MMMcf
 Cumulative production: 411 MMMcf
 Surface area ranging from 3,954 to
33,359 acres (16 to 135 km2 )
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Round 1
CENTER REGION – FIELDS
 5 Contractual areas
 5 oil and gas fields
 Original Oil in Place : 183 MMb and 64 MMMcf
 Cumulative production: 18 MMb and 14 MMMcf
 Surface area ranging from 1,730 to 5,683 acres
(7 to 23 km2 )
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Round 1
CENTER REGION – SEISMIC AND INFRASTRUCTURE
 5 Contractual areas
 5 oil and gas fields
 Original Oil in Place : 183 MMb and 64 MMMcf
 Cumulative production: 18 MMb and 14 MMMcf
 Surface area ranging from 1,730 to 5,683 acres
(7 to 23 km2 )
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Round 1
SOUTH REGION – FIELDS
 12 Contractual areas
 9 oil and gas fields and 3 gas and condensate fields
 Original Oil in Place: 1,624 MMb and 2,599 MMMcf
 Cumulative production: 270 MMb and 1,226 MMMcf
 Surface area ranging from 2,471 to 14,332 acres
(10 to 58 km2 )
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Round 1
SOUTH REGION – SEISMIC AND INFRASTRUCTURE
 12 Contractual areas
 9 oil and gas fields and 3 gas and condensate fields
 Original Oil in Place: 1,624 MMb and 2,599 MMMcf
 Cumulative production: 270 MMb and 1,226 MMMcf
 Surface area ranging from 2,471 to 14,332 acres
(10 to 58 km2 )
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Round 1
CONTRACTUAL AREAS MAIN FEATURES
Original Oil in Place
Region
Name
Anáhuac
Benavides
Calibrador
Carretas
North Duna
Mareógrafo
Peña Blanca
Ricos
San Bernardo
Barcodón
Pontón
Center Tecolutla
La Laja
Paso de Oro
Tajón
Cuichapa Poniente
Moloacán
Paraíso
Topén
Mayacaste
South
Malva
Secadero
Calicanto
Mundo Nuevo
Catedral
Fortuna Nacional
Type
Dry gas
Oil an gas
Oil and gas
Gas and
condensate
MMb: Million barrels, MMMcf: billion cubic feet
* Unit conversion provided by Sener.
Oil
(MMb)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
165.5
7.3
7.8
1.7
0.5
651.6
452.6
221.7
77.6
40.4
29.7
13.2
6.9
0.6
86.1
36.9
7.3
Gas
(MMMcf)
588.9
190.4
54.5
100.9
67.2
85.1
189.8
61.3
48.3
48.3
6.1
8.8
0.9
0.4
424.4
472.1
121.9
42.7
72.4
11.1
85.8
17.3
0.3
572.3
717.1
62.1
Cumulative
Production
Density Surface area Surface area
(°API)
(km2)
(acres)*
Oil
Gas
(MMb)
(MMMcf)
0.0
0.0
7,289.6
29.5
0.0
106.2
33,482.7
135.5
0.0
28.6
3,978.4
16.1
0.0
59.0
22,091.2
89.4
0.0
33.4
9,068.8
36.7
0.0
40.8
7,363.7
29.8
0.0
106.4
6,424.7
26.0
0.0
15.9
5,856.4
23.7
0.0
20.6
6,993.1
28.3
14.6
9.6
18
2,718.2
11.0
0.8
1.9
23
2,915.8
11.8
1.9
1.7
28
1,779.2
7.2
0.1
0.1
30
2,520.5
10.2
0.2
0.2
29
5,708.1
23.1
1.4
0.8
33
27.5
6,795.4
159.6
313.8
32
41.5
10,254.9
39.4
22.0
20
46.3
11,441.0
0.1
0.1
35
17.0
4,200.8
7.6
19.1
29
25.3
6,251.8
0.0
0.0
37
21.9
5,411.6
2.8
25.7
35
21.2
5,238.6
2.7
4.9
36
9.8
2,421.6
0.0
0.0
39
10.6
2,619.3
34.6
321.1
50
27.7
6,844.8
20.0
500.2
57
58.0
14,332.1
2.1
18.0
53
22.0
5,436.3
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License Contract
KEY ELEMENTS
 Operations in these fields will be conducted under a license
contract model.
 The State’s compensation will be calculated on a gross
income basis, before deducting costs.
 Awarded through public international bidding process and
signed by the State through CNH.
 The Third Invitation aims to contribute towards the
development of Mexican operators, both existing and recently
created ones.
 Establishes obligations regarding industrial safety and
environmental protection risk management and insurance.
 Subject to strict transparency rules.
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License Contract
STAGES
Evaluation
Development
2 additional periods
25 years
1 to 2 years
Up to 24 years
5 years
5 years
Local content requirement and yearly compliance program.
 Evaluation (up to 2 years): 22%.
 Extraction: Linear increment, from 27% in the first year to 38% in
2025.
Minimum work commitment
 The drilling of at least 29 wells is expected in the next 12 months
within the 26 contractual areas.
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License Contract
RESCISSION AND CONTROVERSY RESOLUTION
Guarantees and insurance
 Corporate guarantees, compliance guarantees, and insurance.
Rescission
 Administrative: linked to severe causes, as provided by Art. 20 of the
Hydrocarbons Law.
• Cure period and procedures.
• Mexican Federal Courts.
 Contractual: linked to unjustified actions in terms of the Contract’s
terms and conditions.
• Conciliation or direct consultation, prior to the start of an
arbitration process.
• International arbitration in The Hague, under the United Nations
Commission on International Trade Law (UNCITRAL) rules under
Mexican Law.
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For detailed information please visit:
www.ronda1.gob.mx
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ECONOMIC AND FISCAL TERMS
Bidding Process CNH-R01-C03/2015
May, 2015
Fiscal Terms
INTRODUCTION
• The License Contract Model will be used for the Third Invitation to bid:
Production Sharing Contract
License Contract
Compensations are calculated based Compensations are calculated based
on net profits.
on gross income.
Considers cost recovery.
Doesn’t consider cost recovery.
Adjustment mechanism based on
profitability.
Adjustment mechanism based on
production volume and the price of
hydrocarbons in the market.
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Fiscal Terms
INTRODUCTION
Elements established by the Law
Income tax
30%
Contractual fee during the exploration
phase
First 60 months: 1,150 MXN/km2
Thereafter: 2,750 MXN/km2
Exploration and Extraction Activities Tax
1,500 MXN/km2 during exploration
6,000 MXN/km2 during extraction
Basic Royalty
Price sensitive formula for each hydrocarbon
Ring-fencing
E&P Industry for Corporate Income Tax purposes
Elements defined in the Contract
Adjustment mechanism
Defined formula
Element to be defined in the public tender
Additional royalty
Defined by the winning bidder
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Fiscal Elements
AWARDING MECHANISM
Sealed Envelope First Price
Auction
•
Clear, transparent, and simple
awarding mechanism.
•
Most
common
mechanism worldwide:
Awarding Mechanism
•
Bidders will present a sealed envelope for
each of the contractual areas, specifying their
offer or abstention.
•
The envelopes will be turned in at the
beginning of the session. Proposals cannot be
modified once delivered.
•
The winner will be announced during the
session. The formal awarding process
concludes a couple of days later.
awarding
o Angola,
Brazil,
Canada,
USA, Indonesia, Nigeria,
Peru, Venezuela, amongst
others.
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Fiscal Terms
AWARD VARIABLES
Bidding Variables
•
The bidding variables are:
•
Percentage points of additional royalty.
•
Additional investment related to the minimum investment commitment defined for
each area.
•
The award process follows objective criteria, based on a predetermined formula.
•
The winner will be the bidder that presents the best Economic Proposal Weighted Value
(V). This value is calculated as follows:
V = 0.90 * additional royalty factor + 0.10 * additional investment factor
Tie Breaking Mechanism
1. Cash payment, and
2. Polling method.
Reserve Price
•
A minimum reserve value will be
established for the variables, prior to the
the date in which the proposals are
presented.
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License Contracts
FISCAL REGIME – ADJUSTMENT MECHANISM
Adjustment Mechanism
The
Contract
includes
the
Adjustment Mechanism formula.
•
This mechanism increases the total
royalty to be paid by the contractor
as production rises through a
continuous formula that prevents
distortions.
Adjustment factor
Production royalty %
•
U1
U2
How it works
•
Applied differently according to the
production kind:
•
•
Oil and condensates
Natural Gas (associated and
non-associated)
•
Calculated based on the
production moving average.
•
A
maximum
percentage
established in the contract.
daily
is
Daily production average
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License Contract
FISCAL REGIME – OTHER CONSIDERATIONS
Accounting Procedures and
Costs and Investments
Registration
•
Even though costs are not used to
determine the compensations, in
accordance
with
transparency
regulations, the Contractors must
register all the costs, expenditures
and
investments
through
the
Mexican Petroleum Fund.
•
The registry will operate in a simple
manner
and
for
information
purposes, in accordance with
guidelines issued by the Secretariat
of Finance.
•
The Fiscal Authority (SAT) can
perform verifications and audits for
corporate income tax purposes.
Interaction with the Mexican
Petroleum Fund
• The rules, dates, and periods to turn in the
relevant information and payments to the
Fund are predefined.
• Information is registered
electronic system, and
electronically.
through an
is signed
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For detailed information please visit:
www.ronda1.gob.mx
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THIRD CALL FOR BIDS OF ROUND 1
ONSHORE FIELDS
May, 2015
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INTRODUCTION
•
Today, CNH presented the call for bids and bidding terms for Round 1’s
third tender for exploration and production blocks.
•
This call for bids comprises 26 onshore license contracts.
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OPERATOR REQUIREMENTS
Technical Capabilities
Eligibility is achieved through staff’s credentials, not companies’
credentials.
1. Companies must prove that their key staff in charge of operations has at
least 10 years of managerial experience in exploration and extraction
projects.
2. Companies or proposed personnel must have implemented and
operated industrial safety and environmental protection systems such
OHSAS 18001 (security) e ISO 14001 (environment) in the last 5 years.
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OPERATOR REQUIREMENTS
Financial Capabilities
1.
Companies must demonstrate a net worth of at least:
a.
5 millon dollars for each and every contractual area they intend to
present a proposal for, which may be all or a subset of the following:
Anáhuac, Benavides, Calibrador, Calicanto, Carretas,
Catedral, Duna, Fortuna Nacional, La Laja, Malva,
Mareógrafo, Mayacaste, Mundo Nuevo, Paraíso, Paso
de
Oro, Peña Blanca, Pontón, Ricos, San Bernardo,
Secadero,
Tecolutla and Topén.
or
b.
200 million dollars for each and every contractual area they
intend to present a proposal for, which may be all or a subset of the
following:
Barcodón, Cuichapa-Poniente, Moloacán and Tajón.
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CONSORTIUM REQUIREMENTS
Financial Capabilities
Consortia must demonstrate that the operator has a net worth of at least :
a. 3 million dollars for each and every contractual area they intend to
present a proposal for, which may be all or a subset of the following:
Anáhuac, Benavides, Calibrador, Calicanto, Carretas,
Catedral, Duna, Fortuna Nacional, La Laja, Malva,
Mareógrafo, Mayacaste, Mundo Nuevo, Paraíso, Paso de
Oro, Peña Blanca, Pontón, Ricos, San Bernardo, Secadero,
Tecolutla and Topén.
or
a.
120 million dollars for each and every contractual area they intend
to present a proposal for, which may be all or a subset of the following:
Barcodón, Cuichapa-Poniente, Moloacán and Tajón.
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ASSOCIATION CRITERIA
Companies may participate individually, in consortia or joint
ventures, provided they adhere to the following:
1. The Operator must hold at least a one-third working
interest.
2. No Company may be part of more than one
consortium.
3. Large scale companies criterion:
Companies with average production greater than
1.6mmboe may not associate amongst themselves.
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TRANSPARENCY
• Clarifications and bidding terms revisions
o All procedures are conducted in written form through the website
www.ronda1.gob.mx.
o Interested parties and bidders shall refrain from contacting CNH in
any other way in order to obtain information or influence the
process.
• Prove lawful origin of financial resources
o As part of the prequalification process a financial background check
will be assessed to gauge the lawful origin of the projects’ funds. To
this end, CNH will rely on the Financial Intelligence Unit of the
SHCP.
• Email
o To receive any comment from the general public.
• Receiving & Opening Bids Event
o Live online broadcasting of the ceremony.
o A public notary will attest to the act.
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MILESTONES OF THE THIRD CALL TO BID
• Request to access the Data room
From May 12, 2015 through August 14, 2015.
• Access the Data Room.
Starts June 1, 2015
• Reception of prequalification documents
From September 14, 2015 through October 2, 2015
• Publication of the final bidding terms (Contract included)
November 2, 2015
• Receiving and opening of proposals and winner
announcement
December 15, 2015
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INDUSTRY RESPONSE TO THE FIRST CALL FOR BIDS
14 EXPLORATION BLOCKS
Companies that had access to the data room /
started their prequalification process
Announcement Date: December11, 2014
Proposal Reception: July15, 2015
Atlantic
BG Group México
BHP Billiton
BP
CASA Exploration
Chevron
Citla Energy
Cobalt Energía de México
Japan Petroleum
Korea National C.
LUKOIL
Maersk OLIE OG GAS A/S
Marathon offshore
Mitsubishi Corporation
Murphy Worldwide
NBL México Inc.
Nexen –CNOOC
Compañía Española de
Petróleo, S.A. (CEPSA)
Oil, Gas & Energy B.
ONGC Videsh L.
CPC Corporation, Taiwan
Diavaz
Pacific Rubiales
Ecopetrol
PEMEX
E&P Hidrocarburos y Servicios PETROBAL
ENI International
Petrobras
Exploration & Production PCL Petronas Carigali
ExxonMobil
Plains Acquisition C.
Gaffney, Cline & A
Pluspetrol
Galp Energía E&P BV
Premier Oil plc
GEOSEIS, Inc
Reliance Industries Ltd.
Shell
Grupo R
Hess Corporation
Sierra Oil & Gas
Hunt Overseas
Sinopec
Inpex
Statoil
Total
Japan Oil, Gas and Metal
Number of participants per country
Companies that showed interest: 49
Participants that innitiated their prequalification process:
* Last updated May 9, 2015
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INDUSTRY RESPONSE TO THE SECOND CALL FOR BIDS.
9 SHALLOW WATER FIELDS IN 5 CONTRACTS
Companies that had access to the data room /
started their prequalification process
Atlantic
BG Group
BP
CASA Exploración
CHEVRON
CNOOC
Compañía Española de Petróleo, S.A (CEPSA)
DEA DEUTSCHE ERDOEL AG
Diavaz offshore
E&P Hidrocarburos y Servicios
Ecopetrol
ENI INTERNATIONAL
Exploration & Production PCL
Galp Energía E&P BV
Hunt Overseas
LUKOIL
NBL México INC.
PEMEX
Perforadora México
Petronas Carigali
Premier Oil
Sánchez Oil & Gas Corporation
Sapurakencana
Shell
Sierra Oil & Gas
Sinopec
Participants
Total
* Last updated May 9, 2015
Announcement Date: February 27, 2015
Proposal Reception: September 30, 2015
Number of participants per country
Companies that showed interest:
27
that innitiated their prequalification process:
10
FOR DETAILED INFORMATION PLEASE VISIT:
www.ronda1.gob.mx
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