On December 5, 2016, the National Hydrocarbons Commis ounced the results related to CNH-A1-Trion/2016 and CNH-R01-L04/2015 tenders.

CNH-A1-Trion/2016 Tender. PEMEX Farm Out.

Since the two economic offers submitted to CNH proposed an additional royalty of 4.00%, the tie-break rule provided in the bidding guidelines was applied to determine the winning bidder.

BHP Billiton Petróleo Operaciones de México, S. de R.L. de C.V. offered US$624 million, while BP Exploration México, S.A. de C.V. offered US$605.9 million. Therefore, CNH awarded PEMEX farm out partnership to BHP Billiton Petróleo Operaciones de México.

Official award was published in the Federal Official Gazette on December 13, 2016.

The investments for the development and exploitation of Trion well are estimated in US$11.0 billion. Mexican State will receive approximately 72.4% of the project profitability.

CNH-R01-L04/2015 Tender. Deep Water Blocks.

Eight out of ten areas were awarded to different companies and consortiums.

For said areas, investments are expected to be US$34.4 billion during the coming 35 years. Pursuant to the information provided by the Energy Ministry, Mexican State will receive between 59.8% and 66.1% of the profitability accrued under the awarded contracts.

Official awarding was published in the Mexican Federal Official Gazette on December 13, 2016. Awarded companies:

Cinturon Plegado Perdido Area.

Cuenca Salinas.

Pursuant to the bidding schedule, contracts must be signed within 90 days following the awarding publication.

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