The long-awaited Mexico Oil & Gas Technology Forum 2015 will bring together high-profile industry leaders this coming January 28th at the Sheraton Maria Isabel in Mexico City. Among a broad list of renowned speakers, the process of defining the diversification of the country’s production portfolio is a trending topic in the global oil and gas industry that is still being shaped by the Mexican government and its institutions. Similarly, the entry of new operators will have an effect on the country’s production targets that have been prescribed by the Energy Reform. Understanding how the State and the private sector will reach agreements so that upstream opportunities made available in Round One is extremely important for all the players involved. Mexico’s Upstream Oil and Gas Industry Ambitions will underscore the most important aspects relevant to materialize joint developments of new areas and bolster output targets over the coming years.
Following this keynote opening will be a presentation focused on headlining the intricacies of Joint Ventures and Partnering with PEMEX in Shallow Water. The first set of exploratory areas is now in the bidding process and PEMEX has long been a world-renowned leader in successful findings and commercial developments in its shallow water assets. Partnering with PEMEX in certain projects may be the way to go for many reasons; however, many new operators would like to know how it will be possible to take on new ventures with the country’s Productive Enterprise. Therefore, laying out important aspects about the way joint ventures will be carried out in post-Reform Mexico’s shallow water offerings is essential and the possibilities of taking advantage of PEMEX’s farmouts in extra-heavy oil gems Ayatsil and Tekel also evidences unprecedented opportunities for the private sector.
After getting a grasp on the ways to work with the State’s Productive Enterprise comes Round 1: Shallow Water Opportunities. This presentation will aim to exhibit the commercial potential of new discoveries in Mexico’s shallow Gulf, which are essential aspects to lure new operators. While the attractiveness of these reservoirs will depend on the way information is made available to companies, data rooms are now open for contenders to delve into geological data to make of Mexico’s first bidding round a successful feat. The CNH has an important role in making the best out of Round One, and for this reason, pinpointing important details about the country’s first-ever bidding round will provide the audience with expert insight into these matters.
Then, Shallow Water Exploration & Production Outlook combines a macro perspective about the overall scenario expected to kick in through 2015 and continue over the coming years. While PEMEX strives to reverse its production decline and embark on a growth strategy that is aimed to result in a production of 3 million b/d by 2018, Round One’s first set of blocks has been already released and the winning bids are set to be announced by mid-July. Both efforts raise many questions about Mexico’s shallow water exploration and production outlook and this panel discussion will expose the greatest challenges and the most crucial factors, both financial and technical, that characterize the first set of offerings. Round One will definitely shape the exploration and production outlook moving forward, and for this reason, companies’ strategies must be well-planned in order to drive the industry towards success.
After this first half, a more technological approach in this world-class event will discuss additional opportunities in the Mexican offshore market. Value Proposition of Floating Production Systems for Oil Companies will look at the development of the FPSO market and its presentations will focus on the future role that FPSOs are destined to play in the Mexican oil and gas industry; the production challenges that they can help to overcome, and the technology decision that will have to be made in the process. Similarly, the conditions under which FPSOs are deemed the most suitable production solution for Mexico’s shallow water and deepwater fields will also be a pivot in the discussions. By outlining the main technology choices that have to be made in terms of topside technology, subsea technology, and project management, participants will not only get an inside look of these technologies’ availability, but they will also be able to understand the role that local content can play in Mexico’s FPSO market.
Opportunities to optimize EPC & Supply Chain will follow by analyzing the opportunities to optimize and streamline the supply chain of the FPSO market ranging from engineering and construction to the advantages of conversions vs new-builds, and the integration of the supply chain throughout the lifecycle. Additionally, the main technology trends in the FPSO market in terms of general design & engineering, topside technology, and subsea infrastructure shall be headlined to understand how cooperation throughout the value chain can accelerate the implementation of new technology while reducing overall cost. Also related to local content, the role of Mexican construction, supply, and service capabilities when compared to global industry standards will be explored into depth, as well as the ambitions of domestic fabrication yards in the market for both conversions and new-builds.
Looking at the challenges and opportunities for operators in the FPSO market will be prescribed by The Operating Environment for Fleet Operators. This panel’s main focus is on the impact of the evolving operating environment on the business models of fleet operators, and the panelists will analyze trends in conversions vs new builds, own-operate vs leasing, deepwater vs shallow water demand, technological change, FPSO contracting and financing, supply chain development throughout the lifecycle, and the introduction of international best practices to the Mexican industry.
Lastly, Contracting, Financing & Risk Management is dedicated to financial realities of making an FPSO project happen, either with an owner-operator or with a fleet operator. The panelists will assess the most effective financing strategies, assess the main risk factors, and discuss how risk allocation between the various parties can be optimized, thereby strengthening the economic competitiveness of FPSOs as a production solution.
Overall, Mexico Oil & Gas Technology Forum 2015 is a great opportunity for any company wishing to go all-in as the country shapes itself to become a global competitive market for oil and gas endeavors.
For more information, please visit: http://mexicooilandgastechnologyforum.com/