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REGIONAL REPORTMEXICO & CENTRAL AMERICA


7 billion barrels of oil equivalent discovered. Among the top three countries in terms of discovered volumes in 2017 was Mexico where, according to Jordan Dewart, president at Yusen Logistics Mexico, the oil and gas sector is “always busy”. However, despite last year’s energy reform that has allowed foreign companies to invest in Mexico’s oil and gas business, major exploration projects are currently on hold, said Deyanira López Colunga and Felipe Melchor, both on the sales team of


E


nergy research and business intelligence company Rystad Energy said that 2017 was yet another recent record low year for oil and gas discoveries globally, with just


heavy haulage company Servygru. But there have been bids recently for offshore shallow and deepwater exploration, which could lead to more project work – particularly in terms of port and vessel construction, for example. Mexico has recently sold the rights to 19 offshore fields in the Gulf of Mexico for USD252 million; it is estimated that these fields contain 2.8 billion barrels of oil. The auctioned blocks went to a mix of foreign companies and consortia, including the country’s state-owned oil company, Petróleos Mexicanos (Pemex). Late last year, Pemex discovered another field of light crude oil and gas near Ixachi – the most important onshore discovery in 15 years, it


said. Reserves there could total approximately 350 million barrels of oil equivalent and the site’s proximity to existing pipelines means production could begin sooner than it otherwise would. The company is in trouble though: production is down, and there have been allegations of corruption linked with the Odebrecht bribery scandal in Brazil.


Compliance drive


Mexico is working to eliminate corruption in many sectors (especially in relation to environmental concerns), so many projects that were once easy to fast-track are now subject to bureaucracy and red tape. This slows things down but will ultimately prove


Servygru transported a 165-tonne cold box, measuring 54.96 m long, 5.6 m wide and 4.54 m high, from the port of Altamira to Torreon last year.


www.heavyliftpfi.com


May/June 2018


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