Oil & Gas Opportunities in Mexico

An Expert's View about Extraction of Natural Gas in Mexico

Posted on: 22 Sep 2010

Mexico is among the10 largest oil producers in the world and ranks among the top 20 in terms of gas production. The opportunities for UK companies are presented in this report.

Sector briefing Oil & Gas Opportunities in Mexico Why ? Mexico is among the10 largest oil producers in the world and ranks among the top 20 in terms of gas production. PEMEX, the State National Oil Company, requires resources to the order of around $22 billion USD per year in capital expenditure. The focus is to maintain production in declining fields, a more efficient exploitation of proven reserves, a move towards deep-water reserves and to increase security and minimise environmental impact. Whilst the great majority of the oil and gas industry is in the hands of the nationalised oil therefore are more open to doing business with company PEMEX (among the top 5 producers in foreign companies. the world and among the top 12 in terms of sales), there are opportunities for UK Find general information on Mexican market companies, particularly for equipment and conditions on UKTI?s website. The Doing service suppliers. PEMEX has oil reserves of 45 Business Guide for Mexico gives an overview of billion barrels and proven reserves equivalent the Mexican economy, business culture, to 9.2 years of production. British firms are potential opportunities and an introduction to already participating in Mexico?s shallow other relevant issue. waters, but there is more potential to make Mexico?s future deepwater production safe, clean and efficient one. In October 2008, an energy reform was passed by the Mexican Government. The reform means that PEMEX has been granted greater autonomy for decision making, alleviating some of their previous restrictions and UK Trade & Investment Sector briefing: Oil & gas opportunities in Mexico ? Environmental control Opportunities ? Regional geological studies (including 3D and 2D seismic) Around 55% of Mexico?s oil reserves are in ? Reservoir appraisal and exploration deep waters, which poses an enormous techniques challenge for PEMEX who has a great deal of ? Training and education experience extracting oil in shallow and ? Deep water technology medium depth waters. This experience has ? Develop heavy and extra heavy oil recovery enabled the country to export at competitive technology that are technically and prices for the past 25 years. economically advantageous. PEMEX does not have the experience or If you have any questions on the opportunities technology to launch a big operation in deep above, contact the UKTI contacts named in this waters. The company is becoming more and report. Business opportunities aimed more aware of the immediate need to start specifically at UK companies are added daily to operations in deep waters and new forms of UKTI?s website. These leads are sourced by our contracts are expected to be announced by mid staff overseas in British Embassies, High 2010. Commissions and Consulates, across all sectors and in over 100 markets. The company is actively seeking new technology and is promoting R&D projects through the Mexican Petroleum Institute to tackle the deepwater challenge.UK companies and R&D centres could find an opportunity to do business with PEMEX in these areas, such as: Tertiary Oil of the Gulf Contribute to the achievement of exploration and production goals, accelerating the drilling of oil and gas. Cantarell The production of heavy oil and gas through the maintenance of the pressure and the implementation of a recovery system. PEMEX aims to drill around 16 additional wells at Cantarell in 2010 and carry out 51 major and 27 minor projects in the 2010- 2011 period. Ku-Maloob-Zaap Oil and Gas production through drilling wells and the implementation of a pressure management system in explored fields. PEMEX aims to complete 15 development wells, as well as five major and 36 minor projects. Other opportunities Onshore and Offshore ? Platform design and construction ? Decommissioning of production facilities ? Design, construction, installation and commissioning of pipelines ? Receiving terminals and production facilities ? Exploration and appraisal drilling ? Production operations UK Trade & Investment Sector briefing: Oil & gas opportunities in Mexico Major events and activities UKTI contacts British Embassy - Mexico City British Consulate ? EXPETRO (Mexican Petroleum Conference Villahermosa & Exhibiton) Contact: Contact here Irasema Mendoza Website: Head of Energy http://www.congresomexicanodelpetrole Tel: (+52 55) 5242834 o.com.mx/ Email: irasema.mendoza@fco.gov.uk Time: September 2010 Agustín del Valle P. Lores Víctor García PECOM Trade and Investment Officer - Oil and Gas Contact: Contact here Sector Website: http://www.oilonline.com Tel: (+52 55) 52428590 Time: November 2010 Email: agustin.valle@fco.gov.uk Oil & Gas Trade Mission to Mexico British Consulate ? Monterrey Contact: Irasema Mendoza Time: February 2011 Luis Dario Ochoa Rodríguez Trade and Investment Officer - Advanced Engineering & Oil and Gas Sector New export events are added daily to the site Tel: (+52 81) 83565359 and you can register to be alerted to them on a Email: dochoa@ukconsulate.org daily, weekly or monthly basis UKTI?s Tradeshow Access Programme (TAP) provides grant support for eligible Small & Medium Sized Enterprises (SME's) to attend trade shows overseas. Find out more about UKTI support for attendance at overseas events UK Trade & Investment Sector briefing: Oil & gas opportunities in Mexico Next steps - How UKTI can help ? Arranging appointments British companies wishing to develop their ? Organise seminars or other events for business in the Mexican market are advised to you to meet contacts and promote your undertake as much market research and company in the Mexican market planning as possible in the UK. UKTI?s team in Mexico with its wide local knowledge and This work is available via our Overseas Market experience, can provide a range of services to Introduction Service (OMIS) a chargeable British-based companies wishing to grow their service which assists British-based companies business in global markets. wishing to enter or expand their business in overseas markets. This can include: ? Provision of market information To find out more about commissioning this ? Validated lists of agents/distributors work, or accessing other UKTI services and ? Key market players or potential specialist advice, please visit the UKTI website customers in the Mexican market to find contact details for your local UKTI ? Establishment of interest of such office. contacts in working with you Whereas every effort has been made to ensure that the information given in this document is accurate, neither UK Trade & Investment nor its parent Departments (the Department for Business, Innovation & Skills, and the Foreign & Commonwealth Office), accept liability for any errors, omissions or misleading statements, and no warranty is given or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned. Published 2010 by UK Trade & Investment. Crown Copyright © UK Trade & Investment Sector briefing: Oil & gas opportunities in Mexico
Posted: 22 September 2010