EFTA01367376.pdf

31 May 2015 Integrated Oil US Integrated Oils Figure 114: Timeline for Mexico Energy Reform. Round 1 Roll-Out Date event Carnmentin Dec.13 Enemy Reform Launch Wows for prate investment through OXs and licenses 'Neel Round Zero Results Round Zerodetermined which zsets were kept by Penes lad produong AIs-14 Second" leyslimon spanned assets ere troth./ Peme.l Nov.14 Industry leedbact on assets Government has ediustment Round 1 terms based on industryI...auk-1; noontver finnatt term:yet° Be dater:Need k-clustry feedback on centric, Mn. r5 Launch& Round 1 Opportunrt.etwal «luderg jowi vonCulOS With P4P11141,1 (10joint ventures aenJrudl as z stancWone opoorooldes Shalknewater orolects are deco,posed mtorniture offshore Bids dueler shaIlow.water CMOsand 3015 I eolcoldu. Smen. al end ritra-hoeyy code Of pojeCts do,elopm.ret exploration 1ppWl.TekellClll. hUture Onshore include the Rodedor. Otani°. Cardenes-Mcee.end Sanna fields With the oictolpon of Salusla (Tertary> recovery the on( of tic assets are Going offered to accelerate hydrocatbon recovery Oct Nov.15 Bids di» for mature *Kim* sterveR with semndary-r~verY The Seruna field reixeients `40,1of matare assets (onshore and distort) 2011 producbon being offered in Round 1 Derpreter gas cllennes n‘ Round 1include Kunst" end Mtn Water depth ps lots than 2.0C0o5ners Dec15 etch due for *floater Deevorater al oflooms in Round 1 include lieIds Pron. eldforetus. biliciMinol in the Pord,00 area d the den:watt GOPeiluratte depth creates than 2,9:0 meteld son buscM en Peron Mex$~one. Page 58 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058909 CONFIDENTIAL SDNY_GM_00205093 EFTA01367376