Radar > 240174

Another six oil companies pre-qualify for Pemex farmout

Otras seis petroleras precalifican para farmout de Pemex

Intel ID : 240174
Synopsis

The national hydrocarbons commission (CNH) of Mexico announced the pre-qualification of another six foreign oil companies for the farmout of state-owned oil company Pemex of the Trión field, reported El Economista on 31 August 2016.

Until 29 August, the deadline to enter the data room, only oil companies BP (LSE/FWB:BP), based in the UK, and BHP Billiton (ASX:BHP), based in Australia, had pre-qualified, so the regulator decided to extend the deadline to 5 September (see related intel).

However, at the last minute, another six foreign oil companies registered in the process: US-based Chevron (NYSE:CVX) and ExxonMobil (NYSE:XOM), France-based Total (Euronext Paris:FP), Netherlands-based Royal Dutch Shell (Euronext Amsterdam/LSE:RDSA), and Japan-based Mitsubishi Corporation and Inpex Corporation (TSE:1605).

Specifically, the winners of the farmout will sign an operation contract with Pemex Exploración y Producción, which will hold 45% of the contract, and will only be able to participate as part of a consortium comprised of two companies with experience in exploration of fields over 1.500 m deep, of which only one will be operator, as well as a financial partner.

The companies have until 18 November to submit their proposals as consortiums.
(content in spanish)

La Comisión Nacional de Hidrocarburos (CNH) de México ha anunciado la precalificación de otras seis petroleras extranjeras para el farmout de Pemex, petrolera estatal mexicana, del campo Trión, ha publicado El Economista el 31 de agosto de 2016.

Hasta el 29 de agosto, fecha límite para el ingreso al cuarto de datos, solo las petroleras BP (LSE/FWB:BP), con sede en el Reino Unido, y BHP Billiton (ASX:BHP), con sede en Australia, habían precalificado, por lo que el regulador ha decidido extender el plazo hasta el 5 de septiembre (ver intel relacionado).

No obstante, a último momento, otras seis petroleras extranjeras se han registrado en el proceso: las estadounidenses Chevron (NYSE:CVX) y ExxonMobil (NYSE:XOM), la francesa Total (Euronext Paris:FP), la holandesa Royal Dutch Shell (Euronext Amsterdam/LSE:RDSA) y las japonesas Mitsubishi Corporation e Inpex Corporation (TSE:1605).

En concreto, las empresas ganadoras del farmout firmarán un contrato de operación con Pemex Exploración y Producción, que tendrá hasta 45% del contrato, y solo podrán participar dentro de un consorcio compuesto por dos sociedades con experiencia en exploración en campos de más de 1.500 m de profundidad, de las cuales solo una será la operadora, además de un socio financiero.

Las empresas tienen hasta el 18 de noviembre para presentar sus propuestas como parte de un consorcio.

Intel ID 240174
Value ND
Native Currency Mexican Peso (MXN)
Exchange Rate:
Financial Data - Pemex
(31 Dec 2015)
Revenue: EUR 619.334,99m
EBITDA: EUR 10.922.200,79m
Exchange Rate:
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Bidder

Name
verified
Subsector (Old TTR Sectors)
Natural Resources / Mining (Primary)
Primary Sector (TTRSC)
55.05.02 Copper & Cobalt Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Secondary Sectors (TTRSC)
55.05.04 Iron & Steel Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

55.05.08 Specialty Metals & Minerals
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

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Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.02 Multiline Oil & Gas
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

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Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.07 Oil & Gas Storage, Distribution & Retail (Downstream)
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Secondary Sectors (TTRSC)
20.02.08 Oil & Gas Transportation (Midstream)
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

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Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.02 Multiline Oil & Gas
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

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Name
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Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
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Primary Sector (TTRSC)
25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

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Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.02 Multiline Oil & Gas
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

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Bidder

Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.02 Multiline Oil & Gas
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Secondary Sectors (TTRSC)
20.02.05 Oil & Gas Exploration & Production (Upstream)
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

20.02.07 Oil & Gas Storage, Distribution & Retail (Downstream)
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

20.02.08 Oil & Gas Transportation (Midstream)
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

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Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.05 Oil & Gas Exploration & Production (Upstream)
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

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Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
50.01.02 Government Administration
50 Public Services & NGOs / 50.01 Government & Public Administration

Secondary Sectors (TTRSC)
20.02.02 Multiline Oil & Gas
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

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Related Entity

Name
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.05 Oil & Gas Exploration & Production (Upstream)
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

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