Oil & Gas Deal-Doing in Mexico | Page 25

AVAILABLE UPSTREAM SECURITY PACKAGE IN MEXICO

• Pledge over 100 % of shares in Borrower

• Pledge over Borrower ’ s contractual rights ( but not obligations ) under the PSC / License , JOA and any key Mexican law field contracts ( e . g . lifting agreements )

• Pledge / Account security over any bank account into which proceeds of offtake sales are paid

• Assignment / other relevant security over key insurances

• License / PSC-acquired materials not subject to lien

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