BACK TO PIPELINE
Project

EXTRACTION OF HYDROCARBONS IN TABASCO IN ASSOCIATION WITH PEMEX (FARM OUT), AREA 3 (CÁRDENAS - MORA).

Sector: Hydrocarbons


Last Revision

January 26, 2026
 
Short Name of the Project:
0497 CNH: PEMEX Association: Area 3 Cardenas-Mora
Type of Investment:
Brownfield
Subsector:
Upstream
Asset (s):
 Oil Field 168.15 Km2-Light oil 
Contract Currency:
US Dollars
Estimated Investment MXN:

23,988,391,536

Estimated Investment USD:

1,242,921,841

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

DESCRIPTION
License agreement for the extraction of hydrocarbons in land zone, in a block of 168.15 km2, for light oil extraction.

Main Features:
- Age (s) of play: Late Jurassic Kimmeridgian and Lower Cretaceous
- Lithology (s): Limestone / Dolomite
- Type of hydrocarbons: Light and superlight oil
- Remaining reserves 3P: 51.89 million barrels of oil equivalent (mmboe) for Cárdenas and 41.3 mmboe for Mora

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Public / Private
Type of Contract
  Farm out
Term
25 years
Selection Process
International Open Tender
Details
Financing Sources
Private
100 %
MXN
23,988,391,536
USD
1,242,921,841
Payment Source
Project revenues
Revenues will come from the commercialization of hydrocarbons.

STATUS
Stage
  Operation
Substage
  > 5 years of operation
RELEVANT DATES
Request for proposals/Announcement May 02, 2017
Proposals Reception October 04, 2017
Ruling October 06, 2017
Contract Signing March 06, 2018
Execution/Construction Starting Date March 06, 2018
Operation Starting Date March 06, 2018
Term of the Contract March 06, 2043
Contractor
Petrolera Cárdenas Mora y Pemex Exploración y Producción  
Major Contractor’s Shareholders
Cheiron Holdings Limited, Cheiron México Finance Limited, Pemex

GEOLOCATION
State(s)
Tabasco   
Responsive image
Go to GIS for this project

Entity in charge of controlling the possession of communal land, as well as providing documentary legal security derived from the application of the Agrarian Law, and is the operator of the Geospatial Information System (SIG).

SPONSOR

SUSTAINABLE INFORMATION
imagen sostentabilidad
Sustainability Datasheet

PROJECT’S SUSTAINABILITY SUMMARY

The Project is considered to have a high social, economic and technical impact and its main purpose is to expand the productive capacity of the Hydrocarbon Sector, thus contributing to one of the sectors of greatest interest in Mexico.

* This summary was prepared based on the methodological framework defined by the Inter-American Development Bank (IDB) in the document entitled: “Attributes and Framework for Sustainable Infrastructure”, which is You can check Here.

Additionally, a brief explanation of the methodology and a summary of the questions applied can be consulted in this Document.

DOCUMENTS USED:

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.
Project Website
 Datasheet
Responsive image
Source
Comisión Nacional de Energía
Description
Decentralized body of the Ministry of Energy that has technical and operational independence to regulate energy matters.
Signed contract
 Additional information
Responsive image
Source
Concessionaire / Related Company
Cheiron

MULTIMEDIA

REMARKS
The license agreement for the extraction of hydrocarbons stipulates that the contractor will provide and be responsible for all technical and financial resources required for the execution of the operations and will have the right of ownership over the hydrocarbons extracted in the contractual area. The Contractor will pay a royalty based on audited hydrocarbons.

The State is a partner of the contractor. The contributions for the State are:
1. The contractual fee for the exploration phase
2. Consideration based on gross income before deducting costs
3. Adjustment mechanism based on production volume and prices

There are two possible extensions in the contract term subject to the area being in regular commercial production, the first extension of 10 years and a second extension for an additional period of 5 years.
SLP-1/2017: Tercera Subasta de Largo Plazo 0498 CNH: Asociación de PEMEX: Área 4 Ogarrio

Follow the Project

Leave your e-mail to receive updates on this Project.

 I have read and I accept the Privacy Notice