Modifications to the bidding rules and the model contract of the Bid No. CNH-R01-L02/2015

Summary of the changes to the bidding rules for the second tender of Round One.


August, 6th , 2015.

Dear clients and friends,

On August 4th, 2015 an extraordinary meeting of the commissioners of the CNH was held in which they have agreed to make certain changes in the bidding rules for the second tender of Round One for shallow waters (Bid No. CNH-R01-L02/2015). These changes have been implemented to bring greater interest and investment, taking into account primarily two aspects: (i) the current economic situation affecting the oil and gas sector; and (ii) the disappointing results of the first tender for shallow water exploration projects in this Round One.
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In order to obtain additional information, contact one of our experts:

Edmond Grieger, Partner: egrieger@vwys.com.mx

Luis Burgueño, Partner: lburgueno@vwys.com.mx

Ariel Garfio, Associate: agarfio@vwys.com.mx

Fernanda Martínez de Castro Otero, Lawyer: fmartinez@vwys.com.mx