Glossary of CNH Model Contract for Round 1.2: New and old terms and definitions

Glossary of CNH Model Contract for Round 1.2: New and old terms and definitions

MARKET NOTE NO. 210 (HOUSTON) — Table 1 of this report provides a preliminary, bilingual glossary of some 160 terms and definitions that are used in the model contract for CNH’s second auction (known as Round 1.2).

Most these terms are from Round 1.1 (held July 15, 2015). The terms (as lexical items) are sorted by their respective auction, then listed alphabetically. In relation to substance, we find some matters still problematic: one of these is administrative rescission.

Noting that BP did not lose its license on account of the Macondo accident, Mexican regulations should state that rescission will not be applied in response to any single event.

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Written by

Mexico Energy Intelligence

Baker & Associates offers niche-market business and policy intelligence related to Mexico's oil and gas, power and chemical industries. Over 1,000 reports have been issued in the last 20 years. Subject matter expert and publisher George Baker, who directs the firm, has carried out consulting assignments starting in the late 1970s at the height of the Oil Boom in Mexico. He brings bilingual and bicultural skill-sets to understanding and responding to challenges of business and public policy, coupled with a deep familiarity with the history and idiosyncrasies of the Mexican operating environment.