Client Alert: Energy Reform in Mexico - First Round One Tender Results

On July 15, 2015, the National Hydrocarbons Commission (the “CNH”) awarded the first production sharing contracts in Mexico’s history as a result of the first of five Round One tenders for 14 exploration blocks (each, a “Block”) located in shallow water areas in the Gulf of Mexico (the “Tender”). This Client Alert provides a brief summary of the Tender results and includes commentary regarding the overall significance of the Tender in connection with the Mexican oil and gas industry.