Mexico’s Energy Reform Final Modifications to the Bidding Guidelines and Model Contract of the 2nd Call for Bidding
The National Hydrocarbons Commission, (CNH) announced the final adjustments to Round One’s Second Call Bidding Guidelines and Contract.
The Bidding Guidelines were modified in the following aspect:
The minimum values for the awarding variables will be released on September 14th, 2015.
The Contract was modified in the following aspects:
Exploration. The Contractor is allowed to carry out exploration and extraction activities.
Corporate Guarantee. More flexible conditions for its presentation.
Administrative Recession. New definitions related with the administrative recession.
Environmental Baseline. Extension to the deadline for identifying the environmental liabilities of each Contractual Area.
Insurance. Specification of the coverage amounts for the civil liabilities and control of wells.
Minimum Work Program. More flexible conditions for the execution of the minimum work commitments in the Appraisal Period.
Appraisal Plan. Extension to the deadline for the presentation of the Appraisal Plan.