Subsea UK is urging its members to exploit their expertise in deep-water N. Sea operations in similar conditions in new markets in the oil and gas sector in Mexico.
The UK subsea industry experienced an output growth of 37% in the last three years according to Government figures, and is a strong technology exporter. More than 800 UK companies are active worldwide and have the necessary backing and technical knowledge to help develop deepwater projects in Mexico.
Neil Gordon, Chief Executive, Subsea UK, met in Aberdeen with the Prime Minister’s Trade Envoy to Mexico to present the skills and experience of the industry.
During the briefing at Aberdeen Harbour Marine Operations Centre with Baroness Bonham Carter, Gordon also highlighted operating similarities in the North Sea and Mexico’s own harsh deepwater conditions.
The recent energy reform in Mexico saw certain restrictions on the state-owned oil company Pemex lifted, which now allows the firm improved access to foreign businesses. More importantly, the reform also opens up the region to international operators for deep water development. There are currently more than 25 British companies active in Mexico’s oil and gas sector, with many more looking at the emerging opportunities.
He said: “The situation is challenging in the North Sea so it’s important for firms to consider other regions as part of their future growth strategies. Mexico is amongst the top 10 largest oil producers in the world and ranked in the top 20 in terms of gas production.
“Over the past decade, Pemex has had a lack of investment in technology development; UK subsea firms could now play a major role helping to extract much of Mexico’s remaining oil wealth, thought to lie thousands of metres below the seabed.
“By working closely with Baroness Bonham Carter and UKTI, Subsea UK is making sure that the industry in Mexico turns to the UK’s subsea expertise to meet its deep water challenges.”
Baroness Bonham Carter said: “The UK is recognised as a global centre of subsea excellence in terms of skills, expertise and technology.
“Our subsea companies are therefore an attractive proposition to a complex and challenging oil and gas region such as Mexico. As part of the UK Government’s strategy to help double British exports to £1 trillion by 2020, we are seeking to promote partnerships with UK companies in Mexico.”