news Published on July 7, 2020

Mexico webinar Energy 'Times of Change for Mexico's energy portfolio'

On June 23 the webinar 'Times of Change for Mexico's Energy Portfolio' was inaugurated by Dutch Ambassador to Mexico Margriet Leemhuis, who addressed the important trade relationship Mexico and The Netherlands have and the opportunities the North American country presents in the oil and gas industry.

Following the opening, a market update was given by Guido van der Zwet, Co-Founder of Holland House Mexico. Van der Zwet gave a synopsis of Mexico’s new National Energy Plan, in which the Latin American country aims to reach energy self-sufficiency and to strengthen the national energy sector by harnessing resources through state, social and private companies. With regards to E&P activity in Mexico, out of the 111 assigned contracts, 56 contracts are currently in the exploration stage and 31 projects are in the extraction stage. So far, the 73 private companies active in Mexico’s oil and gas sector have seen US$ 44.4 billion worth of investments approved. Of this figure US$5 billion is solely focused on E&P activity. If all exploration projects prove successful, the expected investment is estimated to reach US$161 billion.

Alberto de la Fuente, President and General Director of Shell Mexico, shared his views on Shell’s Mexico operations and reflected on the impact the COVID-19 pandemic has had on the activities of the Anglo-Dutch oil company in Mexico. De la Fuente highlighted Shell’s long-term commitment to Mexico and its continued investments in both the upstream and downstream sectors...

 

The full article and recording of this webinar are available to members of Holland House Mexico. Find out what the membership opportunities are.