The Mexican government through the National Hydrocarbon Commission (NHC) released the fourth bidding round for deep-water exploration on December 17, 2015. As expected, the NHC opted for a license contract as opposed to the production-sharing approach used in previous rounds 1.1 and 1.2.
In this round, the NHC is putting to bid 10 contract areas distributed within the Perdido Fold Belt (four areas) and Salina’s Basin (Cuenca Salima, six areas), both deep-water regions in the Gulf of Mexico.
The bidding guidelines as well as the model license templates are available for review on the NHC’s website (http://ronda1.gob.mx/).
Read more. The full article can be accessed on page 60.
Related Insights
June 20, 2025
Foley Career Perspectives
Foley Juneteenth Program: Exploring the Hidden History to Further Our Mutual Understanding
In celebration of Juneteenth, Foley & Lardner welcomed Dr. Deirdre Cooper Owens, author and historian, for a firmwide virtual program on…
July 10, 2025
Events
Mandatory Roth Catch-up
Join Foley’s upcoming webinar on mandatory Roth catch-up contributions effective January 1, 2026. Learn how the new rules impact high earners, what guidance exists, and practical tips for plan compliance.
June 20, 2025
Foley Viewpoints
Federal Court Enjoins Former Franchisees and Two Related Entities from Competing Against Franchisor
A federal court recently granted in part and denied in part a franchisor’s motion to enjoin the post-termination activities of its former…