Billion-Barrel Mexico Find Could Spur Rush on Next Oil Auctions
From Bloomberg / By Adam Williams, Amy Stillman, and Giacomo Tognini / 12 de julio de 2017
«A billion-barrel crude discovery in Mexico could be just the lure the country needs to boost investment from oil majors as it lacks the wherewithal to reverse years of sagging output.»
«At a time when global oil prices were cratering, and drillers were nervously cutting exploration funds, Mexico’s earliest auctions drew spotty interest. Since then, however, European drillers led by Italy’s Eni SpA have increasingly become involved. The find in Mexico’s shallow waters could drive added interest — and higher bids — in future auctions as the government seeks to boost production that’s fallen by a third in the past decade.»
“Future bids will likely be more aggressive,” Medina said in a telephone interview. “This obviously increases the attention people will pay. The area contiguous to this block is going to go up in value, no question.”
«About a fifth of Mexico’s public budget relies on oil revenue, with production averaging 2.15 million barrels a day last year, the lowest level in more than three decades. That drop in output, combined with lower oil prices, forced the government to cut spending, causing growth in the $1.1 trillion economy to decelerate to the slowest pace since 2013.»
«Oil has hovered near $45 a barrel in New York, less than half the $100-plus it reached in 2014, as global supplies remain stubbornly high. The West Texas Intermediate benchmark closed at $45.49 on Wednesday.»
Mexico’s Gain
«The Mexican government will receive a 68.99 percent profit share from every barrel produced in the block, and as much as 80 percent when considering taxes and fees over the life of the project, Sierra said in a statement. “It is of great importance for Mexico,” Mexico Oil Commissioner Juan Carlos Zepeda wrote in an emailed statement.»
«President Enrique Pena Nieto embarked on an ambitious reform of the energy sector in 2013, aiming to revive flagging output at a time when oil prices were in the triple digits. The reforms, which didn’t kick in until after oil prices had fallen, involved amending the constitution to allow foreign investors into the country’s oil industry for the first time since it was nationalized in 1938.»
«The first auctions came in 2015, with outside investors invited to bid on fields that were previously only accessible to Pemex. Eni was one of the first oil majors to win a bid in Mexico and has stood out in the race by winning several contracts.»
«Since then, some of the world’s largest oil companies, including Exxon Mobil Corp., Chevron Corp., and BP Plc, signed contracts in the country. European majors Repsol SA, Royal Dutch Shell Plc, and Total SA also won leases earlier this year in shallow-water fields.»
Less Risk
«The find has “de-risked a little bit some of these shallow-water opportunities” in Mexico as it confirms that other explorers have the potential to find assets that Pemex either overlooked or couldn’t develop, said Jeremy Martin, vice president of energy and sustainability at the Institute of the Americas, speaking over the phone from La Jolla, California.»
“There are a host of companies on the U.S. side of the Gulf that may now consider participating in upcoming auctions because this is a way of showing them that the process works, and can lead to a discovery,” Martin said.
«The next auctions, in deep water and for shale blocks, will likely come at the end of this year or the start of 2018.»
«The new find will “certainly create more buzz” around the next auctions, said John Padilla, Managing Director of energy consulting firm IPD Latin America in an emailed response to questions.»
Dos Bocas
«The shallow field holding the find is located 37 miles (60 kilometers) offshore from the Mexican port of Dos Bocas in 546 feet (166 meters) of water and contains light oil, Premier Oil said in a statement. The discovery comes just two years after the three companies jointly won the exploration license.»
«In an interview on Wednesday, Premier CEO Tony Durrant listed the potential of the site at 1 billion to 1.5 billion barrels. Sierra said the primary target reservoir contains 1.4 billion to 2 billion barrels, and could extend into a neighboring block.»
«Mexico “took a really difficult decision for them politically after 40 years of 100 percent Pemex-ownership,” Durrant said. The opening up of the country’s industry “caught them at absolutely the worst time because of the collapse in oil prices. But to be fair to them, they persevered and they have now got very strong industry interest.”»
From Bloomberg / By Adam Williams, Amy Stillman, and Giacomo Tognini / 12 de julio de 2017
Próxima subasta hidrocarburos en aguas profundas de México incluiría áreas de las tres cuencas en Golfo
REUTERS/ Por David Alire Garcia / 17 DE JULIO DE 2017 / 20:37
«México anunciará esta semana los bloques para la próxima licitación de contratos de hidrocarburos en aguas profundas, que podría contemplar por primera vez áreas de la cuenca de las Cordilleras Mexicanas, dijo el lunes un funcionario de alto nivel del sector petrolero.»
«La cuenca de las Cordilleras Mexicanas alberga el proyecto de gas natural Lakach de la petrolera estatal Pemex y está ubicada al este del puerto de Veracruz, frente a la costa del Golfo de México.»
«La primera subasta de contratos para exploración y extracción de hidrocarburos en aguas profundas, realizada en diciembre, incluyó bloques en el Cinturón Plegado Perdido (CPP), en la frontera marítima entre Estados Unidos y México, y en las Cuencas Salinas, al sur del país, también en el Golfo.»
«Para la próxima licitación en aguas profundas, la Secretaría de Energía (SE) también está evaluando áreas en las Cordilleras Mexicanas, dijo Juan Carlos Zepeda, comisionado presidente de la Comisión Nacional de Hidrocarburos (CNH), el regulador del sector petrolero mexicano y que lleva a cabo las subastas.»
«»La licitación podría incluir bloques de las tres cuencas», dijo Zepeda a Reuters.»
«La subasta probablemente se llevaría a cabo en enero, aunque aún no se ha fijado una fecha exacta, dijo Zepeda, y diferirá de la licitación de diciembre en algunos de los términos financieros para adjudicar los bloques a los ganadores, pues se establecerá un tope para la regalía adicional a favor del Estado, a diferencia de la subasta anterior que no fijó un máximo.»
«A la próxima licitación en aguas profundas seguirán bloques de hidrocarburos no convencionales o «shale», que también serían subastados por primera vez.»
«El calendario y los términos para las áreas no convencionales se anunciarían más tarde durante el verano boreal, añadió Zepeda. (Reporte de David Alire, traducido por Adriana Barrera)»
REUTERS/ Por David Alire Garcia / 17 DE JULIO DE 2017 / 20:37
Mexico Delays Oil Auction, Allows Investors To Assess Recent Finds
From OilPrice.com / By Tsvetana Paraskova – Jul 17, 2017, 3:00 PM CDT
«Mexico’s next offshore oil auction will be held in January next year instead of in December 2017 as initially planned, in order to give bidders more time to assess all new data in view of the recent huge finds in the Mexican part of the Gulf of Mexico, the head of Mexico’s oil regulator told Bloomberg in an interview published on Monday.»
«Last week, UK-based Premier Oil, along with its partners Talos Energy and the Mexico City-based Sierra Oil & Gas, said that they struck oil in excess of 1 billion barrelsin the shallow waters in the southern Gulf of Mexico.»
«The very same day, Italy’s Eni—which had drilled a successful exploration well in Mexico’s shallow water, discovering much more oil than was anticipated—said that thanks to the results of a new offshore well, the major is raising its estimate of resources in place at Amoca to 1 billion barrels of oil equivalent, “paving the way for the implementation of an accelerated development plan.”»
«Following these results, Eni will submit an accelerated and phased development plan in 2017 targeting an early production phase with a plateau ranging from 30,000 to 50,000 bopd with the start of operations planned for early 2019, the Italian group said.»
“There was already interest to come, explore and work in the Gulf of Mexico before these finds, but now to have discoveries in such a short time, interest of international entrants to have activity in Mexico has renewed,” Juan Carlos Zepeda, head of Mexico’s National Hydrocarbons Commission that oversees the industry, said in an interview with Bloomberg.
“International and national interest is awakening,” the official noted, adding that Mexico would announce the areas up for grabs at the next auction “in a few days”.
«Oil majors are snatching up offshore blocks in Mexico, with the latest auction exceeding expectations. Mexico is planning to hold four more oil and gas block tenders by November 2018 as part of efforts to ensure the sustainability of its energy industry and make better use of its hydrocarbon reserves.»
From OilPrice.com / By Tsvetana Paraskova – Jul 17, 2017, 3:00 PM CDT
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Pemex presenta hoy proyectos de asociación
10/07/2017 02:53 Noé Cruz Serrano noe.cruz@eluniversal.com.mx
«Este lunes, Petróleos Mexicanos llevará a cabo el Pemex Farm Outs Day en Houston, Texas, para presentar a inversionistas las oportunidades de negocio en los proyectos de asociación que la empresa busca concretar en el área de exploración y producción.»
«La petrolera que encabeza s José Antonio González Anaya, busca ofrecer información detallada sobre los activos que pretende desarrollar en asociación con empresas privadas: Nobilis-Maximino, Ogarrio, Cárdenas-Mora y Ayin-Batsil.»
«El objetivo, según fuentes del sector, es que Pemex logre asociarse “con empresas internacionales de gran escala para que pueda competir y ganar bloques petroleros”.»
«Hasta ahora, hay cuatro empresas de 14 interesadas que han iniciado el proceso de precalificación: Sierra O&G Exploración y Producción, Tecpetrol Internacional, China Offshore Oil Corporation E&P Mexico y Gran Tierra Mexico Energy.»
«Tres empresas más: Petrobal, Dowell Schlumberger y DEA Deutsche Erdoel AG están en la etapa de acceso al cuarto de datos.»
«Entre la información que se va a dar a conocer está el caso del área contractual Nobilis-Maximino, que se localiza en la provincia petrolera de Perdido, en los límites marítimos con Estados Unidos, se compone de cuatro descubrimientos y áreas de exploración.»
«De acuerdo con el paquete de datos de la filial Pemex Exploración y Producción (PEP), se trata de un área de mil 524 kilómetros cuadrados con un volumen de recursos prospectivos de 715 millones de barriles de petróleo crudo equivalente.»
«Contiene reservas 3P del orden de 502 millones de barriles de petróleo crudo equivalente y puede aportar crudo ligero, que es el más cotizado en el mercado porque contiene menos impurezas. Es un activo marino que se encuentra a 3 mil metros de profundidad, por lo que se clasifica como de aguas profundas.»
«Una de las ventajas que ofrece es que está muy cerca de la infraestructura en operación del activo Great White (12 millas) que se localiza del lado norteamericano y a 25 millas de la infraestructura que se construirá para desarrollar el activo Trión.»
«Respecto del activo Ayín-Batsil, que se ubica en la Sonda de Campeche, Pemex sostiene que puede ofrecer más de 300 millones de barriles de petróleo crudo equivalente de reservas 3P no desarrolladas en aguas poco profundas.»
10/07/2017 02:53 Noé Cruz Serrano noe.cruz@eluniversal.com.mx
Four Days to the Mexican Oil Auction
Energy and Capital / Written by Christian DeHaemer / Posted July 10, 2017 at 6:04PM
«After February 10, 1916, for better or worse, North America would never be the same.»
«You see, deep in the jungles of Veracruz, Mexico, they were searching for oil. Drilling had commenced several days earlier and had reached a depth of 1,752 feet.»
«Then it happened — the boredom was suddenly interrupted. A blast of crude exploded up from the well, destroying the derrick and ejecting drilling tools up to 120 feet away.»
«For nine straight days, the gusher shot higher and higher, finally reaching an estimated 598 feet and raining oil as far as two miles away.»
«On February 19, the day the well was finally capped, it blew an incredible 260,858 barrels in 24 hours.»
«This was the famous Cerro Azul No. 4 well, which was in the Golden Lane Trend of the Tampico-Misantla basin. Since that historic gusher, this basin has produced over 5 billion barrels of oil.»
«Most of it was extracted by the late 1930s. Since then, flows have reduced to a trickle, and the basin has become a low priority for Mexico’s state-run oil company, Pemex.»
«The company figured most of the oil was gone, so it moved on to other projects.»
But It Was Wrong About Tampico-Misantla
«In fact, there’s at least another 5 billion barrels of oil waiting to be tapped there, according to IHS Markit.»
«And all that oil is about to do for Mexico what the Bakken did for the U.S.»
«In fact, the geography is very similar to the super-rich fracking fields of the Permian Basin of West Texas, which sits just over the border.»
Here’s the Deal
«The state-owned oil company Pemex has had full control of the Mexican oil industry since it was nationalized 75 years ago.»
«As you can imagine, it was full of corruption and malinvestment. Pemex didn’t reinvest in new technology or refineries, and starting in 2004, oil production has been in decline. It hasn’t made a profit since 2012.»
«You see, Pemex lacked the skill necessary to pull oil out of its mature fields. It needed frackers and horizontal drillers with experience, like those small companies in the U.S. and Canada.»
«To solve this problem, Enrique Peña Nieto’s government somehow managed to end the state monopoly. He welcomed the world’s oil companies and held the first auction of oil-rich licenses two years ago. At the time, July 15, 2015, the price of oil was just bouncing off its lows of $28 a barrel.»
«No one wanted the blocks, and 12 of 14 went unsold. Those that did sell went on the cheap.»
Micro-Cap Fracker
«I’ve discovered one micro-cap company that won a bid on a prime block of Tampico-Misantla property.»
«I’ve spoken with the CEO and have plans to head to Veracruz when the first drill is struck this fall. The company has experience in fracking and reducing costs of production. The more fields it wins, the better its bottom line and the higher its share price.»
«In Mexico, the cost of production can be as low as $13 a barrel. This is because the fields are mature, inland, and shallow. Infrastructure such as roads, pipelines, railroads, docks, and refineries have already been built, and salaries are well below the U.S.»
«This situation reminds me of the 759% gain from Petro Matad, a Mongolian oil play, my Crisis and Opportunity readers made a few years ago.»
«The next oil auction is coming on July 14 — that’s this Friday. The $0.32 company I’m talking about has plans to add to its first block. If its plans are successful, it will be a catalyst for share price appreciation starting as soon as next week.»
«The market cap is low, and the float is thin. Any positive news will send this stock higher. Read all about it here. In four days, this opportunity will be over.»
«Christian DeHaemer @TheDailyHammer on Twitter
Since 1995, Christian DeHaemer has specialized in frontier market opportunities. He has traveled extensively and invested in places as varied as Cuba, Mongolia, and Kenya. Chris believes the best way to make money is to get there first with the most. Christian is the founder of Crisis & Opportunity and Managing Director of Wealth Daily. He is also a contributor for Energy & Capital. For more on Christian, see his editor’s page.«
Energy and Capital / Written by Christian DeHaemer / Posted July 10, 2017 at 6:04PM
Mexico expects four more oil auctions before by end of 2018
Reuters MARKET NEWS |
«Mexico expects to launch four more oil and gas auctions before the current president’s term concludes in November 2018, Energy Minister Pedro Joaquin Coldwell said at a conference on Thursday.»
«The government had previously said three more tenders were planned, but Coldwell said a fourth would be a mix of fields including some deep water areas.»
«The tender could also include shallow water fields as well as gas-rich shale areas, he said.»
«A constitutional energy overhaul in 2013 paved the way for the auctions by ending the decades-long monopoly enjoyed by national oil company Petroleos Mexicanos, better known as Pemex.»
«A champion of the energy opening, President Enrique Pena Nieto was elected in 2012 to a six-year term and is by law prohibited from seeking reelection»
«The front-runner to succeed Pena Nieto in Mexico’s 2018 election is Andres Manuel Lopez Obrador, a vocal opponent of the oil opening who could put a halt to future auctions.»
«Coldwell said bid terms for the next deep water oil auction should be published by the end of this month, with contracts awarded by early January.»
«An onshore oil auction covering 24 blocks will take place next week, following a shallow water tender last month.»
(Reporting by Adriana Barrera; Editing by Andrew Hay)
Reuters MARKET NEWS |
Prevén inversión de 1.2 mmdd por licitación de campos de gas
La Razón / Julio 10, 2017
«Eliminar precios máximos, en ambas subastas, es un incentivo para las empresas; expertos creen que los bajos precios hace poco atractivos los yacimientos gasíferos»
«Para las rondas petroleras 2.2 y 2.3 se espera una adjudicación del 30 por ciento, que significaría colocar ocho de 24 bloques a concursar este próximo 12 de julio, con inversiones estimadas en mil 200 millones de dólares, pese a ser, en su mayoría, campos de gas, donde las empresas han demostrado poco interés, coincidieron expertos.»
«Las próximas rondas de licitaciones se “tratan de campos de gas y con los actuales precios del energético no representa mucho incentivo, pero podemos lograr un promedio de adjudicación, que es el objetivo, de 25 a 30 por ciento, eso sería muy bueno”, dijo la víspera el titular de la Secretaría de Energía (Sener), Pedro Joaquín Coldwell.»
«Para el director de Oil & Gas de la consultoría PWC, Javier Estrada, si bien son yacimientos que conformarían un mercado de producción de gas en México, el problema es que la importación de gas desde Estados Unidos está en sus niveles más altos, debido a bajos precios de referencia.»
«“En el país vecino se está produciendo mucho gas asociado, desde Nueva Jersey, hasta Houston, y en la zona conocida como Permian Basin (donde se estimán más de 100 plataformas de perforación operando); estas áreas son cercanas a nuestra frontera, por lo que, para que se desarrollen las zonas de gas natural en nuestro país, tenemos que conseguir costos más bajos”, explicó.»
«En su opinión, sí podemos ser competitivos frente a Estados Unidos, y lograr adjudicar algunos campos de las rondas 2.2 y 2.3, gracias a que se quitaron los precios máximos del gas natural, lo que podría ser un incentivo a los inversionistas.»
«Para el experto, esta convocatoria tiene grandes retos, pues hasta ahora las empresas extranjeras han demostrado que el gas no les interesa, pero si se les ofrece en mejores condiciones, en campos de fácil extracción, sí pueden alcanzarse beneficios.»
«“Los retos son grandes, en nuestra opinión hay buenos campos, y habrá interés en ellos, pero nos va a dar indicaciones, hacia adelante, en qué medida los ‘no convencionales’ son mercados ya listos para ofertar y con mayores cantidades de bloque”, sostuvo.»
«En la subasta del miércoles 12 de julio, la 2.2, se contempla licitar campos terrestres para exploración y explotación de hidrocarburos; suma 10 áreas contractuales; nueve ubicadas en la Cuenca de Burgos, donde el recurso esperado es gas húmedo, mientras que en las Cuencas del Sureste (Tabasco), se prevé que haya aceite ligero.»
«En la fase 2.3 se ofertan 14 áreas, en las provincias Cuencas del Sureste, Burgos, Tampico-Misantla, Veracruz y Cinturón Plegado de Chiapas. En siete bloques el recurso previsto es gas húmedo y en los restantes es aceite ligero.»
«La Comisión Nacional de Hidrocarburos (CNH) detalló que 11 empresas se listaron para la Ronda 2.2 y 28 empresas para la 2.3, de ocho nacionalidades diferentes.»
«Destaca el interés de firmas mexicanas como Grupo R, Perseus Exploración, PetroBal, Newpek y Carso Oil and Gas.»
La Razón / Julio 10, 2017
Paquete Integral de Seguros
Los Seguros para Empresas se adaptan de acuerdo al sector y al tamaño de cada giro así como a los principales riesgos a los que está expuesto y que podrían impedir su crecimiento.
La realización de una auditoría anual es el mecanismo idóneo para identificar y controlar los riesgos potenciales, así como sus posibles daños y costos.
Contar con un Paquete de Seguros integral, permite que las empresas enfrenten con éxito sus riesgos, ayudan a mitigar el riesgo de sufrir daños inesperados. Un seguro por sí mismo, no siempre es suficiente, en cambio una combinación de ellos permite no tan solo proteger los activos, si no las utilidades y los daños que se puedan ocasionar a terceros, los seguros más comunes de acuerdo a las actividades específicas de una empresa son:
Seguro de Daños: Permite proteger la infraestructura del negocio, ya sea por riesgos de la naturaleza (incendio, terremoto o inundación) y riesgos inherentes a la operación y giro. Su objetivo es reducir el impacto económico en caso de siniestro.
Seguro de Interrupción de Negocios: Compensa a los dueños del negocio por la pérdida de ingresos, gastos extraordinarios, perdida de utilidades, etc., si la empresa necesita desocupar sus instalaciones debido a daños sufridos por un desastre, la cobertura de los ingresos del negocio repone las ganancias que este hubiera generado, basada en los históricos de sus estados financieros.
Seguro de Responsabilidad Civil: Hace frente a los daños ocasionados por la operación y/o errores a terceros en sus personas y en sus bienes.
Existen muchas otros tipos de seguros dependiendo del tipo, tamaño y servicios que ofrezca cada empresa. Lo más recomendable es acercase con un especialista en seguros, que pueda diseñar el paquete integral que más convenga a tu negocio.
