Client Alert: Energy Reform in Mexico - Round One - Deep-water Bid Round

Mexico’s National Hydrocarbons Commission (the “CNH”) published bid guidelines (the “Guidelines”) pursuant to which 10 deep-water oil exploration and production blocks will be publicly tendered in 2016.   This bid round is the fourth of five Round One tenders and offers offshore light crude areas located in the Perdido and Salina del Istmo basins in the Gulf of Mexico.  This Client Alert provides a brief summary of the key terms in the Guidelines along with our commentary with regard to the significance of their publication in connection with the Mexican oil and gas industry.