news Published on July 8, 2019

Successful second edition of Energy Trade Mission to Mexico

From 16-22 June 16 companies joined the Energy Trade Mission to Mexico organized by Dutch Energy Association, The Embassy of The Netherlands in Mexico and IRO.

The setting in which this trade mission took place was different from the 2018 edition. In the period 2012-2018, which marked the liberalization of the energy market, the focus of the Mexican government was on licensing rounds. 2019 marks a new phase in the Mexican oil and gas industry: production. Mexico’s new administration, that took office on the 1st of December 2018, is pushing for domestic production with NOC PEMEX and the 75 new operators. The Mexican government presented a plan to increase oil production levels to 2.624 million b/d by 2024 and increase PEMEX’s budget to US$ 23 billion. President Andres Manuel Lopez Obrador stated that he will respect the 107 private oil contracts awarded under the previous administration.

During the trade mission presentations were given by regulatory bodies National Hydrocarbons Commission (CNH) and The National Agency for Safety, Energy and Environment of Mexico (ASEA). Both regulatory bodies shared their views on the state of the current market and outlook on services that will be required over the next few years. A visit to the headquarters of PEMEX gave the participants insights about the renewed strategy of the Mexican NOC and on how to become a supplier of PEMEX.

Another element of the mission program was the seminar ‘New Operators and Dutch Success Stories’. At the seminar trade mission participants together with 100 attendees received the inside perspective on the development of the Mexican oil and gas industry and the opportunities for service providers from operators such as Shell, BP, Repsol and Fieldwood. Dutch companies Van Oord and Ampelmann shared their experiences about the projects they have recently won in Mexico. After various networking luncheons and other networking moments throughout the first 3 days of the mission, the program in Mexico City was concluded with a reception at the Ambassador’s Residence on June 18.

Trade mission participants were also given the opportunity to visit the Mexican Petroleum Congress (CMP) in León, where the Dutch Energy Association hosted a Dutch Pavilion from June 19-22. The Dutch Pavilion was officially opened on June 20 by Simone Landhuis, Regional Energy Envoy at The Embassy of The Netherlands in Mexico, and Juan Pablo Vega, Honorary Consul to The Netherlands. The opening was followed by a networking cocktail at the central Heineken bar of the pavilion and a networking dinner for the participants of the trade mission and the Dutch Pavilion.  

Next year's edition of this trade mission will take place from June 20-27 and is combined with a visit to CMP in Monterrey.