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Mexico eyes

OTC Review exploration boom super-giant feld, plateaued in 2009.

Pemex wants to grow—

Pemex stopped investing in explora- but needs the technology tion in the 1990s, with the result that reserves have not been replaced.

and resources to do it.

Exploration restarted in 2004 and

Pemex made further moves from

Elaine Maslin reports from 2008-2009, including re-investment in

Offshore Technology mature felds, to reverse the decline in production.

Conference.

Now the country is looking to reform the sector in order to promote more exico has ambitious plans for its foreign investment in exploration and offshore exploration and produc- production.

M

Carlos Morales Gil, general director of tion sector. Carlos Morales Gil, general In addition to bringing in new play-

Pemex E&P.

director of Pemex E&P, told a break- ers, Pemex is also looking to diversify fast crowd at the OTC that the state- its production—exploring and produc- which are critical; people, investment run frm plans to build more than 60 ing in mature areas—but also looking to and technology. If I have to pick one, offshore platforms, between 2014 and deep water, unconventionals and heavy people is the most important, because 2028, to boost its production. oil, Gil says. with the right people, the technology

This includes 31 drilling, 18 produc- will come. This is the critical factor. tion, eight residential, fve compres- Resources are also fnite and we have “These projects need three sion, two treatment, and two service limitations like others.” platforms. More than 4000 km of pipe- Gil says where Pemex lacked capa- things, which are critical; lines would also be needed, as well as bility, it would look for integrated people, investment and

FPSOs. contracts and pay for production. The technology. If I have to pick one,

In the shorter term, 2013-2017, company is looking to develop its

Pemex wants to maintain oil produc- own capabilities through work with people is the most important, tion at 2.3MMbd-3mmbd and gas at research institutions in diffcult sand- because with the right people, 5.7-6.2MMcfd. To support the planned stone reservoirs, enhanced oil recovery growth, the country needs resources: (EOR) for heavy oil, and deep water. the technology will come. human, fnancial and technological. In the long-term, Gil noted a spe-

This is the critical factor.” cifc need for jackups. Between 2014 and 2028, Pemex plans to drill 30,000

Top 10 producer

Carlos Morales Gil

Mexico is one of the 10 largest produc- wells, he said: 20,000 development ing countries in the world, Gil says. It wells, 11,000 shale gas/oil wells, and is 17th in the world To achieve its aims, the company 1180 exploration wells. In addition, he in terms of crude plans to increase its investment. expected 37,000 workovers. reserves, third Spending on E&P is currently $22bil- To do this, there need to be more among produc- lion/yr, he says, but that is to rise to rigs. Between 2008 and 2012, 28 ing companies, $26billion in 2014, and then to $30 jackups and 27 modular rigs were in and ninth in billion in 2015. use. That will need to increase to 47 natural gas Pemex is currently working on 80 jackups and 41 modular rigs, between production. projects: 20 in exploration, 29 produc- 2013-2017.

However, the tion-related, and 30 on facilities to pro- Pemex currently owns and uses 15 country has suf- duce and transport and distribute oil. modular rigs, with the rest leased. All fered from declining production since of the owned modular rigs are over 25 2004, Gil explains. years old and will need to be replaced

Need for resources

Production from Cantarell, a “These projects need three things, in the next few years.

OE | June 2013 oedigital.com 60 otc.indd 60 5/27/13 9:28 AM