Chicontepec - Contratos Integrales EP - PEMEX.com

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Premises of the Economic ModelPreliminary§ Alignment of the contractor’s and PEP’s interests throughmechanisms that provide incentives to increase production andexecution efficiency§ Positive net cash flow for Pemex each year§ Profits based on performance; mechanisms to limit windfall profits§ Development and use of technology for the project§ Lessons learned from the first two rounds§ Vision of a globally competitive modelwww.pemex.com/contratos14
Chicontepec is a Different Kind ProjectPreliminaryCummulative net cash flowmmmdls15Illustrative10502013 2018 2023 2028 2033 2038 2043Capex Opex Ingresos Income Ingresos Income minus menos taxes impuestosCash flow @ 12%MMdls500400300200§ Requires constant investments§ The production profile has highdecline rate in the first monthsand a lower rate in the secondphase§ Practically no base production§ Payout approximately 10 years§ Tax regime: royalties rate as afunction of oil prices (front-endloaded)1000-100-2001 6 11 16 21 26 31Year§ Possibility of increasing therecovery factor from 7 to 15%AmatitlánAverage Payout promedio payout CM-RSSoledadPayout Average promedio payout CM-RNwww.pemex.com/contratos15
Page 6: Second Round, July 2012Preliminary8
Page 10 and 11: ContentsPreliminaryv Backgroundv Bl
Page 12 and 13: ScopePreliminaryComprises all requi
Page 16 and 17: Model: Key ComponentsPreliminary§
Page 18 and 19: Fiscal Regime for ChicontepecPrelim
Page 20 and 21: Variable s and r Adjustment FactorP
Page 22 and 23: Eligible Costs and Cost RecoveryPre
Page 24 and 25: ContentsPreliminaryv Backgroundv Bl
Page 26 and 27: AwardPreliminaryAward to bidder tha
Page 28 and 29: Preliminary CalendarPreliminaryOct

Chicontepec - Contratos Integrales EP - PEMEX.com

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