DEEPWATERS

With the completion of Rounds 1.4 and 2.4, and with the allocation of the first deep water farm-out for PEMEX, the deep waters of Mexico finally have the potential to develop in a competitive and efficient environment. According to data from PEMEX and CNH, approximately 53 percent of Mexico’s prospective resources are located in deep waters of the Gulf of Mexico, however, before the energy reform it was almost impossible for PEMEX to conduct exploration and appraisal activities in this sector by itself.

Now, this new niche for the Mexican O&G industry represents a great challenge, and at the same time a great opportunity for the country and for the companies that are so bold to carry out successful activities in a completely unexplored environment. The best is yet to come.