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NSRI

The voice of the UK subsea industry

Mexico Oil & Gas Trade Mission 2016

Mexico Oil & Gas Trade Mission 2016

26-29 September 2016

This event has concluded. A post-event follow-up from the DIT is available below.

The Department for International Trade (formerly UK Trade and Investment), in partnership with Subsea UK, the Aberdeen & Grampian Chamber of Commerce, the Energy Industries Council, and Scottish Development International, organised an oil & gas trade mission to Mexico. They visited Mexico City and the two most important energy hubs in the country: Ciudad del Carmen and Villahermosa. The mission focused on UK exporters whose products/services fitted within any of the following strands: subsea technology, drilling and efficiencies, or midstream capabilities.

Subsea UK led the subsea strand to promote and develop opportunities in Mexico.

DIT Followup

A UK delegation of 11 companies visited Mexico to get acquainted with potential business opportunities and meet local stakeholders. Four UK trade associations also took place in the mission: Scottish Development International (SDI), the Energy Industries Council (EIC), Sub­sea UK and the Aberdeen & Grampian Chamber of Commerce (AGCC).

The British delegation was comprised of companies that provided products or services on three strands: subsea drilling and efficiency, and midstream (particularly focused on pipe­lines).

This visit was arranged in the aftermath of the Mexican Energy Reform, in which UK subsea companies are chasing the opportunity to partner with local stakeholders. This is particularly relevant in areas such as EOR and subsea, as the UK manufactures nearly 40% of the sub­sea technology worldwide, according to Subsea UK. Midstream companies seek to satisfy a growing demand for technology and efficiency in the context of the implementation of the Five-Year Plan for Expansion of the National System for Transport and Storage of Natural Gas.

On the first day, the delegation was welcomed at the British Residence, in an event that gathered more than 70 local stakeholders from the private and public sector. Campbell Keir, Director of Energy and Infrastructure Department of International Investment (DIT) affirmed: "Mexico is a great place to invest due to market opportunities, UK has much to offer. The Mexican government has been very open to large, medium and small businesses (…) I con­sider it a great opportunity to establish a business relationship between the two countries. "

The delegation also attended Energy Day, the most important energy-related event in Mex­ico. DIT hosted a pavilion that was attended by more than 100 people. UK companies had also the opportunity to listen to some of the most important industry stakeholders, such as the PEMEX CEO, the Minister of Energy and others.

Companies also visited Ciudad Del Carmen and Villahermosa. With the assistance of the Campeche Ministry for Economic Development and the Tabasco government, UK delegates held 1-2-1 meetings with local companies. Cotemar, Grupo Mexico, Petrofac and Penspen kindly received the delegation and briefed them on business opportunities in the region.