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Mexico Upstream Fiscal and Regulatory Report - Minimum Bids Set for Deepwater Round

Mexico Upstream Fiscal and Regulatory Report - Minimum Bids Set for Deepwater Round

Summary

“Mexico Upstream Fiscal and Regulatory Report - Minimum Bids Set for Deepwater Round”, presents the essential information relating to the terms which govern investment into Mexico’s upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state’s take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Mexico’s upstream oil and gas investment climate.

Scope

  • Overview of current fiscal terms governing upstream oil and gas operations in Mexico
  • Assessment of the current fiscal regime’s state take and attractiveness to investors
  • Charts illustrating the regime structure, and legal and institutional frameworks
  • Detail on legal framework and governing bodies administering the industry
  • Levels of upfront payments and taxation applicable to oil and gas production
  • Information on application of fiscal and regulatory terms to specific licenses
  • Outlook on future of fiscal and regulatory terms in Mexico
Reasons to buy
  • Understand the complex regulations and contractual requirements applicable to Mexico’s upstream oil and gas sector
  • Evaluate factors determining profit levels in the industry
  • Identify potential regulatory issues facing investors in the country’s upstream sector
  • Utilize considered insight on future trends to inform decision-making


  • Regime Overview
    • Table Summary
    • Table Figure 1: Regime Flow Chart - Production/Profit Sharing Contract
    • Table Figure 2: Regime Flow Chart - Royalty and Tax License
    • Table Figure 3: Regime Flow Chart - Pemex Assignment Regime
  • State Take Assessment
    • Table Figure 4: Mexico, Indicative NPV10/boe, IRR and State Take Comparison, Internal, 2016
    • Table Figure 5: Mexico, Indicative NPV10/boe, IRR and State Take Comparison, Regional Peers, 2016
  • Key Fiscal Terms- Production/Profit Sharing Contract
    • Royalties, Bonuses and Fees
      • Royalties
        • Table Mexico, Formula-Based Price for Crude Oil, Rounds 1.4-2.2, 2015-2016
        • Table Mexico, Formula-Based Price for Crude Oil, Rounds 1.1-1.3, 2015
      • Exploration Rental Fees
      • Hydrocarbon Activity Tax
    • Cost Recovery
      • Cost Recovery Limit
      • Recoverable Costs
      • Uplift on Cost Recovery
    • Profit-Sharing
      • Table Mexico, Initial Contractor Share of Profit (%), Rounds 1.1 and 1.2, 2015
    • Direct Taxation
      • Corporate Income Tax
      • Deductions and Depreciation
      • Withholding Tax
    • Indirect Taxation
      • Value Added Tax
      • Customs Duties
      • Landowner Compensation
      • Carbon Tax
      • Abandonment Fund
      • State Participation
  • Key Fiscal Terms- Royalty and Tax License
    • Signature Bonus
      • Table Mexico, Signature Bonus and Additional Pemex Cost Carry Value, Trión Farm-out, 2016
    • Royalties
    • Additional Royalty
      • Profitability-based Adjustment Mechanism (Deepwater)
        • Table Mexico, Additional Royalty Adjustment Mechanism, Round 1.4 and Trión, 2016
      • Production-based Adjustment Mechanism (Onshore and Shallow-water)
        • Table Mexico, Additional Royalty Adjustment Mechanism, Round 1.3, 2015
        • Table Mexico, Additional Royalty Rate (%), Minimum and Winning Bids, Round 1.3, 2015
      • Exploration Rental Fees
      • Hydrocarbon Activity Tax
    • Taxation
    • Abandonment Fund
    • State Participation
      • Regular Licensing
      • Farm-Outs
  • Key Fiscal Terms- Pemex Assignments Regime
    • Upfront Payments
      • Royalties
      • Exploration Rental Fees
      • Hydrocarbon Activity Tax
    • Profit Sharing Duty
      • Table Mexico - Pemex Assignment Regime, Profit Sharing Duty Rates (%), 2015 onwards
    • Taxation
  • Regulation and Licensing
    • Legal Framework
      • Table Figure 6: Mexico, Legal Framework
      • Governing Law
      • Contract Type
      • Title to Hydrocarbons
    • Institutional Framework
      • Table Figure 7: Mexico, Institutional Framework
      • Licensing Authority
      • Regulatory Agency
      • National Oil Company
    • Licensing Process
      • Migration of Assignments
      • Licensing Rounds
        • Table Mexico, Round 1 Schedule, 2015
        • Table Mexico, Round 2 Schedule, 2016
      • Registration and Prequalification
        • Table Mexico, Round 1.1 and Round 2 Prequalification Requirements, 2016
      • Bidding Requirements
        • Table Mexico, Round 1.1 and Round 2 Minimum Work Commitments, 2015 and 2016
      • Evaluation of Bids
    • License Terms
      • Duration and Relinquishment
      • Exploration Obligations
        • Table Mexico, Work Unit Value, 2015
        • Table Mexico, Work Unit Value, 2016
      • Local Content
        • Table Mexico, Round 1 and 2 Local Content Requirements (%), 2016
  • Outlook
  • Contact Information

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