Project

EXPLORATION AND EXTRACTION OF HYDROCARBONS IN SHALLOW WATERS OF THE GULF OF MEXICO CORRESPONDING TO ROUND 3, TENDER 1, AREA 32 (CUENCAS DEL SURESTE).

Sector: Hydrocarbons

PROJECT COMPLETED, CANCELED, OR WITHOUT CURRENT OR CONFIRMED INFORMATION

Last Revision

July 31, 2025
Round:
Round 3, Tender 1, “Shallow Waters”
 
Short Name of the Project:
0666 Round 3, Tender 1: Area 32, Southeastern Basins
Type of Investment:
Archived Project
Subsector:
Upstream
Asset (s):
 Oil Field 1,027.40 Km2-Heavy oil, -Dry gas 
Contract Currency:
US Dollars
Estimated Investment MXN:

306,048,549

Estimated Investment USD:

17,897,576

Exchange rate (USD/MXN) used by the Ministry of Finance for the economic plan 2024: $ 17.1
Contract Scope:
  Exploration,  Extraction
DISPLAY ALL

DESCRIPTION
On November 22, 2022, the Operator submitted to the CNH the notification of irrevocable resignation of the entire contractual area. By Resolution CNH.E.22.08/2023 dated November 14, 2023, the early termination procedure for resignation of the entire contractual area of ​​the Contract for the Exploration and Extraction of Hydrocarbons under the Sharing Production Modality in Shallow Waters CNH-R03-L01-G-CS-02/2018 is concluded.

Joint production contract CNH-R03-L01-G-CS-02/2018 for the exploration of hydrocarbons in shallow waters, in an area of 1,027.4 km2 in the oil province of Southeastern Basins for the extraction of heavy oil and dry gas.

Main Features:
- Geological Province: “Cuenca Salina”
- Age (s) of play: Cretaceous, pliocene–pleistocene
- Lithology (s): Coarse grain sand and fractures limestones
- Type of Hydrocarbons: Heavy oil and dry gas
- Prospective Resources of Southeastern Basin Sector (of the 8 contractual areas): P90: 265.3 million barrels of oil equivalent (mmboe), P50: 851.3 mmboe and P10: 2,793.1 mmboe

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Public / Private
Type of Contract
  Shared Production
Term
30 years
Selection Process
International Open Tender
Details
Financing Sources
Private
100 %
MXN
331,105,156
USD
17,897,576
Payment Source
Project revenues
Revenues will come from the commercialization of hydrocarbons.

STATUS
Stage
  Execution
RELEVANT DATES
Request for proposals/Announcement September 29, 2017
Proposals Reception March 27, 2018
Ruling April 02, 2018
Contract Signing June 27, 2018
Execution/Construction Starting Date June 27, 2018
Term of the Contract June 27, 2048
Contractor
Pemex Exploración y Producción, y TotalEnergies EP México  
Major Contractor’s Shareholders
Empresa Productiva del Estado Mexicano, Total Holdings International y Total Holdings Nederland

GEOLOCATION
State(s)
Shallow waters of the Gulf of Mexico   

SPONSOR
Responsive image
Entity
Secretaría de Energía
Institutional Arrangement

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
 Data sheet
 Results
 Signed contract

MULTIMEDIA

REMARKS
The estimated investment amount refers to approved investments, which are those that operators estimate they will carry out in the various plans, as applicable (exploration, evaluation, and/or development).

Oil and gas exploration and extraction contracts may or may not generate revenue if the operator finds commercially extractable resources in the assigned area. In case the operator finds and extracts hydrocarbons, he must pay the State the percentage of production that he offered in the tender, once costs are recovered.

The State is partner with the contractor. The contributions to the State are:
1. The Contractual Fee for the Exploration Phase
2. Royalties
3. Operating profit, a percentage is shared with the investors

It is important to clarify that all the exploration risk is assumed by the operator, that is, if the assigned operator does not find economically viable hydrocarbons to be extracted, the Mexican State has no payment obligation.
0663 Ronda 3, Licitación 1: Área 29, Cuencas del Sureste 0667 Ronda 3, Licitación 1: Área 33, Cuencas del Sureste

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