Amendments to the bidding terms and the model contract of Tender No. CNH-R01-L02/2015

Amendments to the bidding terms and the model contract of Tender No. CNH-R01-L02/2015

Summary of the changes made for the second call of Round One. Summary of the changes made for the second call of Round One.

August 6, 2015. Dear clients and friends,On August 4, 2015, an extraordinary session of the CNH commissioners was held in which they agreed to make certain changes to the bidding terms for the second call of Round One for shallow waters (Tender No. CNH-R01-L02/2015). These changes have been implemented to attract greater interest and investment, taking into account mainly two aspects: (i) the current economic situation that is pressuring the hydrocarbons sector; as well as (ii) the discouraging results presented in the first call for shallow-water exploration projects of this Round One.To read the full document, please click here.For additional information, contact 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, Attorney: fmartinez@vwys.com.mx August 6, 2015. Dear clients and friends,On August 4, 2015, an extraordinary session of the CNH commissioners was held in which they agreed to make certain changes to the bidding terms for the second call of Round One for shallow waters (Tender No. CNH-R01-L02/2015). These changes have been implemented to attract greater interest and investment, taking into account mainly two aspects: (i) the current economic situation that is pressuring the hydrocarbons sector; as well as (ii) the discouraging results presented in the first call for shallow-water exploration projects of this Round One.To read the full document, please click here.For additional information, contact our experts:Edmond Grieger, Partner: egrieger@vwys.com.mxLuis Burgueño, Partner: lburgueno@vwys.com.mxAriel Garfio, Associate: agarfio@vwys.com.mxFernanda Martínez de Castro Otero, Attorney: fmartinez@vwys.com.mx

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