0605 Round 2, Tender 4: Area 3, Lost

Description: License contract CNH-R02-L04-AP-PG03/2018 for the exploration of hydrocarbons in deep waters of the Gulf of Mexico, in an area of 2,062 km2 in the oil province of Perdido for the extraction of light oil and superlight oil. Main Characteristics: - Geological province: Lost Fold Belt - Age(s) of play: Early Oligocene, Late Eocene and Early Eocene - Lithology(s): Fine-grained sand - Type of hydrocarbon: Light oil and superlight oil The license-type contract for the extraction of hydrocarbons stipulates that the contractor will provide and be responsible for all technical and economic financial resources that are required for the execution of the operations and will have the property right over the hydrocarbons extracted in the Contract area. The Contractor will pay a royalty, based on the Hydrocarbons audited. The State is a partner of the contractor. The considerations for the State are: 1. The contractual fee for the exploratory phase 2. Consideration based on gross income before deducting costs 3. Adjustment mechanism based on production volume and prices It is important to clarify that all the The exploration risk is borne by the operator, that is, if the assigned operator does not find economically viable hydrocarbons to be extracted, the Mexican State would not pay anything. There are two possible extensions in the term of the contract subject to the area being in regular commercial production, the first extension of 5 years and a second extension for another 5 years. Prospective Resources: It is the volume of hydrocarbons estimated, at a certain date, from accumulations that have not yet been discovered but that have been inferred and that are estimated to be potentially recoverable, through the application of future development projects. These have both a chance of discovery and development, they are also subdivided according to the level of certainty associated with the recovery estimates: - P90: Low estimate of quantities, which with a 90% probability will be equal to or greater than said level . - P50: Best estimate of quantities, which with a 50% probability will be equal to or greater than said level. - P10: High estimate of quantities, which with a 10% probability will be equal to or greater than said level. Hydrocarbons Exploration/Production