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EXPLORATION AND EXTRACTION OF HYDROCARBONS IN LAND AREAS RELATED TO THE MIGRATION WITH PARTNER "MISIÓN" (BURGOS), IN THE STATES OF NUEVO LEoN AND TAMAULIPAS.

Sector: Hydrocarbons


Last Revision

March 02, 2026
 
Short Name of the Project:
0950 Pemex Migration with Partner: Mision, Burgos
Type of Investment:
Brownfield
Subsector:
Upstream
Asset (s):
 Oil Field 1,692.75 Km2-Gas 
Contract Currency:
US Dollars
Estimated Investment MXN:

11,425,539,899

Estimated Investment USD:

591,996,886

Exchange rate (USD/MXN) used by the Ministry of Finance for the economic plan 2026: $ 19.3
Contract Scope:
  Exploration,  Extraction
DISPLAY ALL

DESCRIPTION
Production sharing contract CNH-M3-MISIÓN/2018 for the exploration and extraction of hydrocarbons in land areas, covering an area of 1,692.75 km2 in the Burgos oil province for the exploration and extraction of gas.

On Dec. 19, 2014, Pemex and Servicios Múltiples Burgos requested the Ministry of Energy to migrate Assignment A-0398-Misión (now AE-0398-M-Misión) in accordance with the procedure established in the Hydrocarbons Law, with the aim of entering into a new contract under the Production Sharing modality. On Feb. 22, 2018, the National Hydrocarbons Commission (CNH) acknowledged the future signing of the Contract for the Extraction and Exploration of Hydrocarbons under the Production Sharing modality corresponding to the migration of Assignment A-0398-Misión (now AE-0398-M-Misión).

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Public / Private
Type of Contract
  Shared Production
Term
25 years
Selection Process
– NA –
Financing Sources
Private
100 %
MXN
11,425,539,899
USD
591,996,886
Payment Source
Project revenues
The income will come from the commercialization of hydrocarbons.

STATUS
Stage
  Operation
Substage
  > 5 years of operation
RELEVANT DATES
Contract Signing March 02, 2018
Execution/Construction Starting Date March 02, 2018
Operation Starting Date March 02, 2018
Term of the Contract March 02, 2043
Contractor
Pemex y Servicios Múltiples de Burgos  
Major Contractor’s Shareholders
Pemex, Tecpetrol de México, Burgos Oil Services, e Industrial Perforadora de Campeche

GEOLOCATION
State(s)
Nuevo Leon, Tamaulipas   

SPONSOR

ADDITIONAL INFORMATION
Responsive image
Source
Secretaría de Energía
Description
Federal Government entity responsible for controlling, managing and regulating Mexico’s energy resources, and establishing the national energy policy.
Additional information
 Project Website
 Signed Contract
 Partial resignation

MULTIMEDIA

REMARKS
The considerations for the State are:
1. Royalties.
2. 35% of the operating profit for the month in question.
3. The contractual fee for the exploratory phase.
There are two possible extensions to the contract term, subject to the contractor being up to date with their obligations; the additional terms may last up to 5 years or until the economic limit of the development areas is reached.
0949 Campo Jaf de almacenamiento estratégico 0951 CFE: 353 LT Incremento en capacidad de transmisión en Las Delicias-Qu...

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