Amendments to the Bidding Terms and Model Contracts of the Call for Tenders for Deep Waters of the Gulf of Mexico

Amendments to the Bidding Terms and Model Contracts of the Call for Tenders for Deep Waters of the Gulf of Mexico

June 9, 2016.

Dear clients and friends, On May 16, as a follow-up to the Bidding Process of the Fourth Call for Tenders of Round One with respect to the contracting blocks in deep waters, the National Hydrocarbons Commission ("CNH") published, through a Press Release, various amendments to the Bidding Terms and to the Model License Contracts, in their individual and consortium modalities. The main amendments to the Model Contracts, as well as to the Bidding Terms, that stand out are those related to the accreditation of financial capacity, adjustments to the minimum work program, modification of the award variables, transfer of assets in the event of termination or rescission, social baseline, elimination of restrictions on the contracting of insurance, among others. For additional information, contact our experts: Edmond Grieger, Partner: + 52 (55) 5258-1048, egrieger@vwys.com.mx Ariel Garfio, Associate: + 52 (55) 5258-1008, agarfio@vwys.com.mx Sofia López, Associate: + 52 (55) 5258-1048, slopez@vwys.com.mx Best regards,