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“The potential of Mexico in terms of oil is very deep, and that’s what makes it so interesting. Many different types of compa- nies are going to come to Mexico because there are so many types of reservoirs.
The accumulated production of crude oil over the last 120 years is 57 billion barrels. Mexico’s 3D and prospective reserves hold an amount equal to that. The potential is here to triple the total amount that has been drawn throughout Mexico’s history.”
—Ernesto Marcos, President & CEO, Marcos y Asociados
“Big data in the oil industry can be used to help compa- nies model their portfolios and their level of uncertainty, associate the production potentials with the cost
conditions, and set up monthly portfolios that help maximize drilling. Once, not so long ago, big data was only used by Pemex. It was used to promote national development from the state. Now it will be utilized to promote the generation of value for a group of companies that in turn will continue to invest and generate wealth.”
—Dr. Ernesto Ríos Patrón, CEO, IMP
SPECIAL INSIGHT: ENERGY ENERGY LANDSCAPE
“Most companies have more gas than oil in their portfolios these days, and we are making less money because costs are higher. We need a reset. Deep water has been the growth engine of many
companies and countries for decades, but with the new price outlook, deep water may become second tier to onshore or shallow water. There’s no shortage of re- sources; there’s just a shortage of human imagination. We need to reignite the entire value chain.”
—Ivan Sandrea, CEO, Sierra Oil México
“In Mexico, we have a perfect storm. We have well-trained young people, a strong labor force, commercial agree- ments with the main markets on the planet, and a privileged geographic situation.”
—Carlos de Regules Ruiz-Funes, Executive Director, ASEA
“I think over the medium to long term, oil will become less and less relevant as an energy source, while renewable energies are going to be much more relevant. Mexico has
great solar, wind, and hydro potential, and the market is now very open for investments.
—Manuel Ortiz Monasterio, Director General, ERM México
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