Pemex is Assigned Four Blocks in Round 2.4 of the CNH (National Hydrocarbons Commission)

As part of its strategy to complement its exploration portfolio and meet its goals of medium and long term buildup of oil reserves, Petróleos Mexicanos is proud to announce its successful participation in the Fourth Call of Round 2 of the Call for Bids of the National Hydrocarbons Commission (Comisión Nacional de Hidrocarburos, acronym in Spanish: CNH).

Pemex was awarded the assignment of four of the blocks that were part of the Round, all in deep waters in the Gulf of Mexico: two as part of a consortium, and two individually. The Consortium formed by Pemex Exploración y Producción (Pemex Exploration and Production, Spanish acornym: PEP) and the Anglo- Dutch oil company Shell achieved Block 2 of the Perdido area. Furthermore, the Consortium formed by PEP, the American oil company Chevron and the Japanese company Inpex was awarded area 22 of the Cuenca Salina province. Individually, Pemex received the assignment of Block 5 in the Perdido area and area 18 of the Mexican Range province.

Pemex continues to take advantage of the mechanisms offered by the Energy Reform. With these results, the company makes progress in strengthening its portfolio to meet the goals established in its Business Plan, while consolidating its strategic position in the deep waters of the Gulf of Mexico. Working with its partners, Pemex complements their capacities and shares the financial, technological and geological risks.

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