Newsletter No. 3 “Round Zero Resolution & Round One Updates”
September 2014
On August 13, 2014 the Ministry of Energy announced the resolution of Round Zero. The reserves
assigned to PEMEX guarantee current production levels and bring forward the possibility of production
growth through partnerships.
Round Zero Resolution
 The Ministry of Energy assigned to PEMEX 83%
of
Mexico’s
total
proved
and
probable
Area
Conventional
2P
Reserves
Prospective
Resources
MMMboe
MMMboe
20,598
18,222
11,374
7,472
hydrocarbon reserves (2P) and 21% of Mexico’s
• Shallow Waters
• Onshore:
Chicontepec
3,556
total prospective resources.
• Onshore: Other1
5,263
5,913
397
4,837
-
3,904
20,589
22,126
• Deepwater2
 PEMEX obtained 100% of the requested 2P
resources.
112.2
17%
Conventional
resources
Unconventional
resources
22.1
18.2 3.9
52.0
83%
-
Requested and assigned
areas
33.8
56.3
Total
Assigned areas
% of prospective
resources
Rationale
PEMEX obtained:
• 100% of its 2P Reserves
request.
• 67% of its Prospective
Resources request.
90.1
Unassigned areas
Unrequested areas
Resolution
reserves and 67% of the requested prospective
Total prospective
resources
MMMboe
60.2
Non-conventional
Total
2P Reserves
MMMboe
100% = 24.8
21%
79%
Objective
Sustain current output levels, while
holding onto strategic exploratory
prospects to facilitate organic
growth in the future.
Strengthen PEMEX and
maximize its long-term value for
the Mexico.
1. Includes: Southern, Burgos and other Northern
2. Includes: Perdido and Holok-Han
Note: Reserves as of January 1, 2014
Note: This slide is presented based on the announcement and reports made by the Ministry of Energy.
 Most of the resources assigned to PEMEX lie in
conventional basins, yet PEMEX was also assigned resources in deepwater and non-conventional
formations. PEMEX will continue to be one of the most cost-competitive producers in the industry.
However, the company will gradually evolve along with the industry to more complex and costly
regions.
Migration Process
 Under the new scenario, PEMEX has already
Promote PEMEX’s development as a State Productive Enterprise to
promote generation of value
identified a set of fields assigned that will be
migrated
into
exploration
&
extraction
contracts.
2P
Expected
Reserves Investment
(MMboe)1 (USD billion)
First stage:
22 existing
contracts
 The first stage will be comprised of existing
service contracts1 and will not require a public
bidding process.
 The second stage, or farm out stage, will
569
2.6
Poza Rica-Altamira and Burgos
Assets
Second block
1,639
32.7
ATG and Burgos Assets
248
1.7
350
6.3
Rodador, Ogarrio, CárdenasMora (Onshore)
Bolontikú, Sinán & Ek (Offshore)
747
6.2
Ayatsil-Tekel-Utsil
Mature fields
Second
stage: farmouts
Fields
First block
Extra-heavy
crude oil
2014
2015
Deepwater
(natural gas)
212
6.8
Kunah-Piklis
Perdido Area
5392
11.2
Trión and Exploratus
1. MMboe – million barrels of oil equivalent
2. 3P reserves
include mature fields, extra-heavy crude oil projects and, finally, fields in deepwater (natural gas
and crude oil).
1
Financed Public Works Contracts (COPFs) and Integrated Exploration and Production Contracts (CIEPs).
If you have any questions, please call (52 55) 1944 9700 or
send us an email to ri@pemex.com
www.ri.pemex.com
Twitter: @PEMEX_RI
Newsletter No. 3 “Round Zero Resolution & Round One Updates”
September 2014
Round One
 The Ministry of Energy announced some of the areas that might be put to bid during the Round One
process. They include a wide variety of fields and formations in order to attract interest from as many
participants as possible in Mexico’s evolving oil and gas sector. Round One is expected to include 169
blocks, 109 exploration blocks and 60 production blocks.
Provide the potential to increase crude oil and natural gas production in
the short term, incorporate reserves, and seek new areas to increase
Mexico’s prospective resources.
Reserves
(MMboe)
Fields
Deepwater
1,5911
3,2221
Perdido Area
South
Chicontepec &
non-conventional
2,6782
8,9271
Aceite Terciario del Golfo Asset
Onshore, shallow
waters & extraheavy crude oil
1,204
7241
Non-conventional
gas
Potential Annual
Investment
(2015-2018):
USD 8.5 billion
2
Pit, Pohp, Alak, Kach & Kastelan
1421
Sabinas basin
1. 3P reserves.
2. 2P reserves.
Timeline
 The Ministry of Energy and the National Hydrocarbons Commission established an ambitious timeline
where the Round One and PEMEX’s migration process will be carried out in parallel.
 Both processes are expected to be concluded by December 2015.
Aug / Nov 14
Feedback on announced areas
CNH1
SENER2
Nov 14 / Jan 15
Terms and conditions feedback
SHCP3
Aug / Nov 14
Definition of contract types, terms and conditions
Aug / Nov 14
Definition of fiscal terms and award variables
Aug 14 / Jan 15
Data Room set-up
Oct 14 / Jan 15
Social impact study
Sale of bid packages and
Feb / Apr 15
Contract award
Aug / Dec 14
May / Sep 15
CIEP & COPF contract migration (first block)
Jan / Jun 15
CIEP & COPF - Second block
Nov 14 / Dec 15
2014
Aug Sep
PEMEX
Oct
Start of Round 1
Aug 13, 2014
Nov
Dec
2015
Jan
Feb
PEMEX- Farm outs
Mar
Pre-bid package
publication (CNH)
1. National Hydrocarbons Commission.
2. Energy Regulation Commission.
If you have any questions, please call (52 55) 1944 9700 or
send us an email to ri@pemex.com
www.ri.pemex.com
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Start of contract
award process
3.
Ministry of Finance.
Twitter: @PEMEX_RI