(CA357) - Summary of the information of hydrocarbon exploration and extraction contracts

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Mexican Petroleum Fund
Summary of the Information of hydrocarbon exploration and extraction contracts \1

Period \2 Sep‑23 Oct‑23 Nov‑23 Dec‑23 Jan‑24 Feb‑24
Number of contracts in force with production 31 33 34 34 34 32
Volume produced (monthly flows) Oil Barrels 6,354,559 6,342,260 5,576,691 5,576,691 5,565,617 5,135,796
Condensates 81,093 85,831 97,294 97,294 84,381 72,915
Natural Gas \3 Millions of BTUs 7,997,691 7,675,120 7,612,553 7,612,553 7,763,528 6,983,707
Volume delivered to the Mexican State trader at the measurement point (monthly flows) Oil Barrels 3,720,048 4,432,976 3,167,147 3,131,729 4,075,375 3,295,449
Condensates 23,387 26,528 26,559 24,814 29,856 19,132
Natural Gas \3 Millions of BTUs 2,115,739 2,488,204 2,037,908 1,988,238 2,117,437 1,448,249
Volume delivered to the contractor at the measurement point (monthly flows) Oil Barrels 2,634,511 1,909,284 2,409,544 2,409,544 1,490,242 1,840,347
Condensates 57,706 59,303 70,735 70,735 54,525 53,783
Natural Gas \3 Millions of BTUs 5,881,952 5,186,916 5,574,645 5,574,645 5,646,091 5,535,458
Volume commercialized by the Mexican State trader (monthly flows) Oil Barrels 3,720,048 4,432,976 3,167,146 3,167,146 4,075,376 3,295,450
Condensates 23,388 26,527 26,560 26,560 29,857 19,133
Natural Gas \3 Millions of BTUs 2,115,739 2,488,204 2,037,903 2,037,903 2,117,438 1,448,251
Volume commercialized by contractors (monthly flows) Oil Barrels 1,603,340 1,549,363 1,033,872 1,033,872 1,032,735 961,760
Condensates 25,478 38,261 31,797 31,797 33,319 33,021
Natural Gas \3 Millions of BTUs 2,743,047 4,407,000 2,727,518 2,727,518 4,858,340 4,673,880
Average contractual price of hydrocarbons \4 Oil Dollars per Barrel 86.3 80.8 72.8 67.6 68.3 71.2
Condensates 24.6 29.1 24.0 23.7 32.4 32.5
Natural Gas \3 Dollars per Million BTUs 3.1 2.8 3.2 3.2 2.7 3.0
Costs, expenditure and investments reported by the contracts \5\6 Production sharing Dollars 201,073,193.8 162,769,592.2 98,491,154.9 152,544,459.3 328,299,934.7 203,382,617.7
License 153,332,370 74,921,519 85,952,957 135,610,970 108,899,113 22,342,786
Payments made to the Mexican State in cash for contracts For Contractual Fee for the Exploration Phase \7 Pesos 200,155,205.9 187,229,446.2 178,160,748.4 178,160,835.2 184,618,340.4 176,838,535.3
For Base Royalty (monthly flows)\8 Dollars 2,823,175.8 3,166,092.1 1,006,067.3 1,367,169.1 1,373,621.4 1,371,193.1
For Additional Royalty (monthly flows)\9 Dollars 5,006,229.3 5,865,100.0 2,494,641.5 3,316,498.1 3,277,912.7 3,084,695.8
Revenues of the Mexican State trader from the sale of hydrocarbons (monthly flows)\10 Dollars 328,798,495.4 369,275,599.0 242,169,484.4 215,873,690.8 287,575,114.7 243,221,831.1
Number of contracts where the Adjustment Mechanism was activated\11 2 2 2 2 2 2

Source: FMP calculations with information received by contractors, CNH, CRE and SHCP.
(N/E = data not available)
\1 Figures subject to review.
\2 Reported Revenues were earned in the month specified, although payments may have been received in a different month.
\3 The figure includes associated and non-associated natural gas. Natural gas production does not include nitrogen or self-consumption.
\4 Corresponds to the average price weighted by the contractual production per hydrocarbon. The determination of the contractual price strictly follows the provisions of each of the contracts.
\5 Corresponds to what was declared by the contractor.
\6 Corresponds to the sum of operational and capital expenditure.
\7 Payments are subject to proration according to the number of days that activities were undertaken by the contract; said number of days can be consulted in the section "Revenues earned by the Mexican State for the payment of Contractual Fees for the Exploration Phase disaggregated by Contract" .
\8 Refers to the consideration provided for in Article 24 of the Hydrocarbon Revenue Law (LISH).
\9 Refers to the consideration received as a rate on the Contractual Value of Hydrocarbons, provided for in Article 6 of the LISH.
\10 Refers to the revenues reported by the Mexican State trader to the FMP without deducting the Mexican State trader’s payment for the provision of their services.
\11 Pursuant to Article 10 of the LISH and in accordance with the provisions of each of the contracts.