Summary table details (SIE, Banco de México)

Mexican Petroleum Fund

Determination of considerations in kind for production sharing contract RF-C003-2015-003 \1\2\3

Period						Sep‑23	Oct‑23	Nov‑23	Dec‑23	Jan‑24	Feb‑24
a. Contractual Value of Hydrocarbons\4					Dollars	109,748,363	90,019,127	45,029,990	83,531,210	40,013,482	41,535,847
b. Additional revenues from infrastructure shared use\5					Dollars	0	0	0	0	0	0
Step 1. Cash equivalent considerations\6	c. Base Royalty\7				Dollars	11,047,409	8,366,520	3,896,184	6,979,960	3,361,064	3,661,007
	d.Costs recovery \8	d.1. Costs reported	Recognized	d.1.1. Operational expenditure	Dollars	19,995,729	27,630,384	22,087,040	17,158,248	36,001,602	51,763,793
			Recognized	d.1.2. Capital expenditure	Dollars	18,648,543	31,060,518	9,845,489	23,684,178	30,972,014	95,721,955
			Not recognized	d.1.3. Operational expenditure	Dollars	0	0	0	0	0	0
			Not recognized	d.1.4. Capital expenditure	Dollars	0	0	0	0	0	0
		d.2. Remaining recognized costs at the end of the previous period \9		d.2.1. Operational expenditure	Dollars	0	0	0	0	0	11,993,513
				d.2.2. Capital expenditure	Dollars	1,100,681,445	1,073,476,699	1,078,156,125	1,083,070,659	1,074,140,853	1,105,112,867
		d.3. Total recognized costs\10		d.3.1. Operational expenditure (d.1.1+d.2.1)	Dollars	19,995,729	27,630,384	22,087,040	17,158,248	36,001,602	63,757,306
		d.3. Total recognized costs\10		d.3.2. Capital expenditure (d.1.2+d.2.2)	Dollars	1,119,329,987	1,104,537,217	1,088,001,614	1,106,754,838	1,105,112,867	1,200,834,823
		d.4. Costs recovery	d.4.2. Limit of cost recovery ((a+b)*d.4.1)\11		Dollars	65,849,018	54,011,476	27,017,994	50,118,726	24,008,089	24,921,508
			d.4.3. Operational expenditure min(d.4.2, d.3.1)		Dollars	19,995,729	27,630,384	22,087,040	17,158,248	24,008,089	24,921,508
			d.4.4. Capital expenditure min((d.4.2-d.4.3),d.3.2)		Dollars	45,853,289	26,381,093	4,930,954	32,960,478	0	0
			d.4.5. Total (d.4.3+d.4.4)		Dollars	65,849,018	54,011,476	27,017,994	50,118,726	24,008,089	24,921,508
	e. Operational Profit	e.1.Total Operational Profit (a+b-c.2-d.4.5)			Dollars	32,851,936	27,641,131	14,115,812	26,432,524	12,644,328	12,953,332
		e.2. Has the Adjustment Mechanism been activated in this contract? (Yes=1, No=0) \12				0	0	0	0	0	0
		e.3. Mexican State's Operational Profit \11			Dollars	27,513,496	23,149,447	11,821,992	22,137,239	10,589,625	10,848,415
		e.4. Contractor's Operational Profit\12			Dollars	5,338,440	4,491,684	2,293,819	4,295,285	2,054,703	2,104,916
Step 2. Considerations as a percentage of the Contractual Value of Hydrocarbons with additional revenue\13	f. Granted to the Mexican State	f.1. Base Royalty (c.2/(a+b))			Percentage	10	9	9	8	8	9
		f.2. Operational Profit share (e.5/(a+b))			Percentage	25	26	26	27	26	26
		f.3. Total\14 (f.1+f.2)			Percentage	35	35	35	35	35	35
	g. Granted to the contractor	g.1. Cost recovery (d.4.5/(a+b))			Percentage	60	60	60	60	60	60
		g.2. Operational Profit share (e.6/(a+b))			Percentage	5	5	5	5	5	5
		g.3. Total\15 (g.1+g.2)			Percentage	65	65	65	65	65	65
Step 3. Final distribution of hydrocarbons in-kind\16	h. Hydrocarbons that correspond to the Mexican State	h.1. Oil			Barrels	396,102	359,389	182,869	375,552	174,569	174,006
		h.2. Condensates			Barrels	2,943	2,574	3,203	2,595	2,211	2,113
		h.3. Natural Gas			Millions of BTU	420,102	293,147	287,201	296,978	247,855	221,541
	i. Hydrocarbons that correspond to the contractor	i.1. Oil			Barrels	731,247	667,135	341,020	701,830	326,131	324,118
		i.2. Condensates			Barrels	5,433	4,779	5,974	4,849	4,131	3,935
		i.3. Natural Gas			Millions of BTU	775,552	544,170	535,583	554,990	463,040	412,658
Volumetric compensations \17	j. Granted to the Mexican State	j.1. Oil			Barrels	364,635	214,172	0	248,704	0	0
		j.2. Condensates			Barrels	18	0	721	0	0	5
		j.3. Natural Gas			Millions of BTU	2,557	0	63,919	0	0	459
	k. Granted to the contractor	k.1. Oil			Barrels	0	0	126,848	0	73,421	397,539
		k.2. Condensates			Barrels	0	2	0	10	2	0
		k.3. Natural Gas			Millions of BTU	0	465	0	1,197	237	0

Source: FMP with information from contractors.

(N/E = data not available)

\1 Figures subject to review.

\2 The figures regarding costs may not match the table Investment Amounts reported by the contractor for the cost recovery of contract RF-C003-2015-003 because the ones presented herein involve the cost recognition process.

\3 For contracts awarded in the second bid of Round 1 that reported extraction trials of hydrocarbons, only steps 1 and 2 are presented. The detailed results of the calculation of considerations of said trials are available in the "Production sharing contracts" section of the FMP statistics webpage.

\4 This item is the result of multiplying the contractual volume by the contractual price of each hydrocarbon for a given period. Contractual volumes and prices can be found in the tables Volume of hydrocarbons produced, production sharing contract RF-C003-2015-003 (monthly flows) and Contractual price of hydrocarbons, production sharing contract RF-C003-2015-003 in the production-sharing contracts section of the portal herein .

\5 In accordance with Annex 3 of the contract, this refers to the revenues received by the contractor for the shared use of infrastructure or for the sale or disposal of by-products.

\6 The calculation of cash considerations is determined in accordance with the formulas described in Annex 3 of the contract. The cash calculation is used as an input to determine the in-kind considerations.

\7 This item refers to the consideration established in Article 12, Section I, Subsection b) of the Hydrocarbon Revenue Law (Ley de Ingresos sobre Hidrocarburos).

\8 This item refers to the consideration established in Article 12, Section I, Subsection a) of the Hydrocarbon Revenue Law (Ley de Ingresos sobre Hidrocarburos).

\9 It is the remaining balance of recognized investments, expenses, and costs after the cost recovery of the immediate previous month. For the case in which a contract is the result of a transition from the entitlement regime, it also includes the undepreciated and not deducted value of assets, in accordance with the applicable tax regime, as well as the value of investments in assets for exploration activities within the contractual area recognized at the time of the transition.

\10 It is the sum of the costs recognized in accordance with Annexes 3 and 4 of the contract.

\11 It is the result of multiplying the percentage of cost recovery by the sum of the contractual value of hydrocarbons plus the additional income referred to in Annex 3 of the contract.

\12 In accordance with Article 15 of the Hydrocarbon Revenue Law (Ley de Ingresos sobre Hidrocarburos) and the contract.

\13 Considerations as a percentage of the sum of the contractual value of hydrocarbons and additional income.

\14 It is the sum of the considerations to the State as a percentage of the contractual value of hydrocarbons and the additional income.

\15 It is the sum of the considerations to the contractor as a percentage of the contractual value of hydrocarbons and the additional income.

\16 The final distribution of hydrocarbons is the calculation of considerations that the Fund determines for each of the parties in accordance with the contract. It is the result of multiplying the percentage of the considerations to each of the parties by the contractual volume of each hydrocarbon. The contractual volume of hydrocarbons can be found in the table Volume of hydrocarbons produced, production sharing contract RF-C003-2015-003 (monthly flows) in the Production-sharing contracts section.

\17 It is the in-kind reconciliation instructed by the Fund to settle the difference between the volume of hydrocarbons delivered at the measurement point and the volume determined as the final distribution for that period.