The Mexican National Hydrocarbons Commission published the bidding and contract terms for the first 14 oil and gas areas in shallow waters, kicking off the first phase of Mexico’s Round One, which will continue throughout 2015. Production-sharing contracts with 3 to 5-year exploration terms will be awarded for the first 14 oil and gas areas in shallow waters pursuant to economic criteria contained in the bidders’ proposals. Non-Mexican companies may validly participate in all phases of the bidding rounds.

We summarize the main features of the bidding terms for the first 14 oil and gas areas in shallow waters.

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