3rd Offshore Mexico Congress 2019
Mexican president-elect Andres Manuel Lopez Obrador is proposing to boost spending for exploration and drilling new oil and gas wells by 75 billion pesos ($4 billion) in the next year to help the country make up for steep production declines in the past decade. The country's energy reform was designed to address that specific problem, issuing new bid rounds to bring in new players. A total of 107 contracts have been awarded and new discoveries made, among which 31 shallow water and 28 Deepwater (1 Pemex Farm-out included) contracts.
Around Mexico, new deepwater and ultra-deepwater reserves have been discoved in Brazil and Guyana. With a broad range of licensing and divestment opportunities expected in the year ahead, companies looking to invest in this attractive and lucrative region have a huge variety of entry opportunities.
3rd Offshore Mexico Congress 2019 aims to be a timely offshore event platform for global stakeholders to understand and have success in Mexico & Latin America, by presenting the latest regulation & policies changes under new administration, new bidding information & investment opportunities, awarded projects’ progress, international good practice & innovative technology showcase, together with unlimited opportunities for international peers to network with local governors, regulators, operators, and suppliers for future cooperation.