1.1.1

 The following is the fifth in a series of summaries of each presentation and panel that took place during the Mexico Oil and Gas Summit last Tuesday, July 1st in the Sheraton María Isabel in Mexico City. To download the speaker’s presentations which have been approved for public distribution so far, click here.

5.3

Luis Ramos Martínez, Acting Subdirector for Planning and Evaluation of PEMEX Exploration & Production spoke about PEMEX’s ongoing strategy to continue being the leading producer of oil in Mexico.

Ramos explained that the main PEMEX strategy is to align itself to work and reach several objectives and that a business plan is being defined for the requirements in terms of expenditure and growth. “We believe that the reform is going to allow for better management, better decision-making processes and more financial efficiency. We need to generate a culture directed to results,” said Ramos.

5.2

One of the key focal points, and one that Ramos spoke of at length, was the company’s strong focus on human capital development. He explained that there will be a different dynamism as PEMEX tries to improve its offerings as an employer. The payment model is going to be different and will be adjusted to international best practices in order to retain and attract the right people. “We are going to try and generate rotation schemes that will encourage knowledge regeneration. We are going to work on payback schemes that are on a par with international practices,” said Ramos. There will be higher salaries for expert positions, as well as long-term development strategies. When asked by the audience how PEMEX planned to recapture lost talent Ramos also confirmed that they are working with retired engineers to provide coaching services.

Ramos also explained PEMEX’s goal to prepare for non-conventional sites in deep waters, adding that the challenge ahead is to monetize the current hydrocarbons base.

5.1

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