Good panorama for the energy sector in Campeche (OPINION)

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By Rodolfo Alfonso Esquivel

The future of the energy sector is in the hands of Mexicans themselves. Let us remember that Mexico’s government, during the so-called “Rescue of Energy Sovereignty,” has been strongly involved in promoting the growth of PEMEX, with one of its objectives being the acquisitions and investments made through oil sector contracts.

When talking about key infrastructure, we cannot leave out the Olmeca refinery, which aims to turn Mexico into a self-sufficient country in the production of refined products and to offer better prices to consumers in a feasible way.

It is important to mention again the year 2013, when the Energy Reform was agreed, where the private sector, made up of foreign and Mexican companies, competed in the oil rounds, achieving an opening of the Mexican energy market and, as a result, positioning it on the list of major producing countries. But within these new changes, what benefits would Mexican suppliers have?

In the Hydrocarbons Law, Article 46, paragraph five, states that the Ministry of Economy will verify compliance with the percentage of national content of the assignments. In this context, it would be important to ask ourselves, how much compliance has been made with this article of the Hydrocarbons Law? We are waiting for a change so that each state can develop suppliers to be hired by the winning companies in the oil rounds and thus generate socioeconomic development.

In Mexico, we have several oil states, among them Campeche, which has large energy projects, highlighted by the largest hydrocarbon-producing well, called Ku Maloob Zaap, with an investment of about MX$248 billion (US$12.4 billion)*which is to say, 50 percent allocated. Besides the Ku Maloob Zaap well, in second place, is the Cantarell well, with an investment of about MX$233 billion (US$11.6 billion), which in turn has been named among the Top 10 oil wells in the world.

The state of Campeche has great participation in the hydrocarbon sector since 86 percent of its income is from the extraction of oil and gas. It also has 100 platforms operating in the area and its participation in exploration and extraction also requires maintenance services, infrastructure, purchase and sale of operating equipment, specialized services, communication services, transportation, technical services and housing services, among others. We also cannot forget that seaports are strategic for logistics operations within the energy sector value chain.

Click here to read the complete original article By Rodolfo Alfonso Esquivel on Mexico Business

Source: Mexico Business

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