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International Energy Outlook 2016

Release Date: May 11, 2016   |   Next Release Date: September 2017   |  Report Number: DOE/EIA-0484(2016)

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Table 2-3. Pemex bid Round One process and timeline as of December 2015
Process Phase Date Activity
  Round Zero
Pemex entitlements August 2014
  • Retained projects it can develop quickly
  • Awarded 83% of proved and probable (2P) reserves and 21% of prospective resources
  Round One
Phase One
Shallow water exploration		 July 2015
  • 2 of 14 blocks awarded
  • Production-sharing contracts (PSCs) issued, mostly for light oil resources
Phase Two
Shallow water production 		September 2015
  • 3 of 5 blocks awarded
  • PSCs issued
Phase Three
Onshore production 		December 2015
  • 25 blocks awarded, most to Mexican E&P companies
  • License contracts (LCs) to be issued
Phase Four
Deepwater exploration and extra-heavy oil production 		Third quarter
2016 (probable)
  • 10 deepwater blocks in the Gulf of Mexico and 11 blocks of extra-heavy oil to be auctioned and awardeda
  • Tax and royalty regime to be used for deepwater projects
Phase Five
Chicontopec Basin / tight oil 		To be determined
  • 61 blocks in unconventional fields, including 12 blocks in the Chicontopec field,b to be auctioned and awarded
  • May be delayed to next round
aIHS Energy, "Mexico: Lessons learned from early auctions drive new approaches for deepwater," Oil and Gas Risk Service (November 20, 2015), https://connect.ihs.com/Document/Show/gi/2852236?connectPath=Search (subscription site).
bC. Pascual, IHS Energy, "Mexico's energy reforms: strategic challenges ahead," CERA Special Report (August 2015), https://connect.ihs.com/Document/Show/gi/2823645?connectPath=Search (subscription site).
Source: IHS Energy, "Mexico: Lessons learned from early auctions drive new approaches for deepwater," Oil and Gas Risk Service (November 20, 2015), https://connect.ihs.com/Document/Show/gi/2852236?connectPath=Search (subscription site); and C. Pascual, IHS Energy, "Mexico's energy reforms: strategic challenges ahead," CERA Special Report (August 2015), https://connect.ihs.com/Document/Show/gi/2823645?connectPath=Search (subscription site).

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