The Nobilis-Maximino Confecession is an essential part of Petróleos Mexicanos’ strategy to promote such partnerships that will strengthen its operating, financial and technological capabilities. As established in its Business Plan for 2017-2021, joint ventures are a key element for Pemex to consolidate itself as a modern, competitive and profitable enterprise, as this allows the company to share the risks of exploration and production in its fields, thus making use of the advantages provided by the Energy Reform.

The call for the international public bidding process that corresponds to this block in the deep waters of the Gulf of Mexico was published today by the National Hydrocarbons Commission.

As was duly reported, last April 27th the Pemex Board of Directors authorized sending the application for migration with a partner for the exploration and extraction in the Nobilis-Maximino block. Petróleos Mexicanos requested the Sener (Ministry of Energy) to migrate the assignments for the Cinturón Plegado Perdido 03, 08 and 09, which were assigned to the company during Round Zero, to a contract for the exploration and extraction of hydrocarbons with a partner whose area of expertise is related to this contractual field.

The Nobilis-Maximino block is located in ultra-deep water in the Cinturón Plegado Perdido area of the Gulf of Mexico, 230 kilometers off the coast of Tamaulipas and 15 kilometers from the maritime border with the United States. It contains total 3P reserves that are estimated at 500 million barrels of crude oil equivalent. With a flow depth between 2, 900 and 3, 100 meters, it covers a total area of 1,524 square kilometers.

About Pemex

Pemex, Mexico's state oil company, is engaged in the exploration, production, transportation, refining, storage and sale of hydrocarbons and derivatives. Its products include petrochemicals, natural gas, liquid gas, sulphur, gasoline, kerosene and diesel. Pemex operates 344 production fields, 6,382 production wells, 225 off-shore platforms, 6 refineries, 8 petrochemical complexes, 7,896 km of gas pipeline, 4,548 km of oil pipeline, and 19 LPG distribution terminals.