Mexico's Energy Industry Round 2 Farmouts: PEMEX finds new partners
Key points
- Mexico’s second farmout bid round to find partners for PEMEX oil and gas development yielded mixed results, with 2 onshore license awarded and 1 shallow water PSC vacated with no bids
- Egyptian company Cheiron Holdings wins Cardenas Mora block with 13% additional royalty and $41,500,000 bonus
- German company DEA Deutsche Erdoel wins 4-way tie for Ogarrio block with 13% additional royalty and $213,870,000 bonus
Attachments
Authors
© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.