(Houston, Nov. 3, 2018, MEI 882)
In this report, we ask about how did it happen that the boundary of Area 7 of CNH Bid Round 1.1 left a significant portion of a reservoir on Pemex’s side, triggering negotiations for unitization. The giant reservoir that was discovered by Talos Energy and partners will be shared with Pemex, which will receive as much as US$20 billion with no risk and little cost. Absent a grid system and public rules as to the configuration of present and future Contract Areas, all CNH contractors are at risk of having to share their discoveries with Pemex or another contractor.
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