Page 21: of Offshore Engineer Magazine (Jun/Jul 2015)

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Analysis

In-Depth

Fernando C. Hernandez

Closing Mexico’s

Following Mexico’s deepwater gap historic energy reforms,

Fernando C. Hernandez of

Reaching Ultra, discusses

AC 903 (9727) 10,200

Maximino (9515)

US drill sites by year what is still needed in

Pemex drill sites by year 9200 order to make Mexico a 8200 major deepwater player.

7200 6200 exico’s national oil company (NOC), Pemex, is in a transi- 5200

M tional phase, soon to function

Depth in feet as a state productive enterprise follow- 4200 ing the pasage of Mexio’s historic energy

Ram Powell (3243) Lakach (3241) 3200 reform. The reform was driven by Mexico’s ambitions to increase its waning produc- 2200 tion output, while positively impacting its

Pompano (1436) Chuktah (1259)Chuktah (1259)Chuktah (1259)Chuktah (1259)Chuktah (1259) economy. But for this to happen, Mexico 1200 2000 1980 1975 1980 1985 1990199520002005 2010 2015 will require the infusion of foreign capital, and foreign expertise—as noted by Mexican

Fig. 1: A comparative analysis of the gap in deepwater drilling and exploration of? cials and industry experts at Mexico’s e