Lunch and Learn - Opportunities in Mexico

18 December 2013

This event has concluded.

Speakers:

Neil Gordon (CEO Subsea UK)

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John Tominey (UKTI, Senior Trade & Investment Officer, Oil & Gas, British Embassy Mexico City)

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From Subsea Engineering News:

Opportunities for British subsea companies in the deep waters off Mexico were highlighted at an event in Aberdeen this week. Neil Gordon, chief executive of Subsea UK, was a speaker with John Tominey, UKTI senior trade and investment officer at the British Embassy in Mexico City.

This week's event was arranged following Gordon's recent trip to Mexico, where he was invited to make presentations on the challenges of deepwater exploration in the Gulf of Mexico and British subsea capabilities and expertise. Gordon said energy reform in Mexico, an oil province currently controlled by state oil company Pemex, will see the deepwater fields off its coast finally open up.

‘Pemex has made various discoveries in deepwater over the last couple of years with estimates of around 13bnbbls in the Mexican sector of the Perdido folded belt alone,’ the head of Subsea UK said.

‘The expertise, technology and skills offered by British subsea companies could play a major role in helping extract around 50% of Mexico’s reserves which are thought to lie in deepwater and highly-challenging geological areas,’ he said. ‘In the near future, Mexico will be looking to build a deepwater subsea supply chain and UK subsea companies who get in early could be well positioned to capitalise on the opportunities as international players start to focus on the attractions of this province’.