Marine sector in Mexico
Heidi Virta
Finpro Mexico
January 2011
Main players in the Mexican marine sector
• In Mexico the marine sector is concentrated in two main
activities:
1) vessel and
2) offshore platform construction activities
• Petroleros Mexicanos (PEMEX) is the most important player
and client in terms of the size of investment in the platform
market, although the platforms are constructed by third parties
(Mexican engineering companies)
• PEMEX is not investing much in offshore vessels, more than 90
of the vessels are subcontracted from local operators
• Mexican Navy and Mexican operators are important clients in
the vessel market
• Foreign shipyards and engineering companies not located in
Mexico operate the vessel construction industry
• Mexican engineering and construction companies dominate the
offshore platform construction industry
Petroleros Mexicanos (PEMEX)
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PEMEX Sole producer of crude oil, natural gas and refined products
in Mexico
The company is ranked in the world as:
• 3th in crude oil production (7)
• 11th integrated oil company (7)
• 12th in crude oil reserves (7)
• 15th in natural gas production (7)
• 13th in refining capacity (7)
PEMEX is one of the major suppliers of crude oil to the U.S.
PEMEX is the most important source of government income in
Mexico
PEMEX has five business subsidiaries:
• Pemex Corporation
• Pemex Exploration and Production (PEP)
• Pemex Refining
• Pemex Gas & Basic Petrochemical
• PEMEX International Trade
Source: PEMEX
PEMEX future investment plans
• PEMEX Refining will purchase 2 new vessels in 2011 and 2 new
ones in 2012
• PEMEX Refining has a plan to renovate all its vessels by 2014
• PEMEX Refining operates 19 vessels, out of which 9 are own
ones
• PEMEX Refining will also be rehabilitating tanks
Source: PEMEX
PEMEX Future investment plans
• PEMEX Exploration and production will be developing on-shore
mature areas in 2011 and off-shore explorations by the end of
2011
• PEMEX will be tendering operation and maintenance contracts
of these areas to third party companies (Possible contract
winners are for example international players Petrofack and
Peren and Mexican Diavaz as well as several companies from
Texas) for the on-shore mature fields
• For the development of offshore fields companies as Petrobras,
Statoil, ExxonMobil, Royal Dutch Shell and Chevron are
expected to participate in the tender for the development of the
offshore activities
• The awarded companies will be developing the regions and they
will be the end clients for platform construction
Source: PEMEX
PEMEX production strategy
• Pemex has announced that it will spend $269 billion
by 2019 to reverse declines and increase
production.
Pemex has announced that it will spend $269 billion by 2019 to
reverse declines and increase production.
PEMEX deepwater exploration strategy
Pemex expects deepwater production to start by 2015.
Vessel & platform owners, operators and
constructors
Platform, semi submergible and
boat owners & operators
• PEMEX (279 platforms)
• Noble (9 platforms)
• Pride (10 platforms)
• Oceanografía
• Cotemar (9 platforms)
• Mexdrill (4 platforms)
• Nabors Perforaciones (5
platforms)
• Perforadora Dolphin
• Todco (2 platforms)
• Mexico Drilling Limited
• Perforadora Central
• Goimar
• Songa Drilling
• Mexican Navy
• Cosepe
Platform constructors
• SWECOMEX
• ICA Fluor
• COMMSA
• Bosnor
• Grupo R
Mexican Navy’s investments
• The Mexican Navy is producing 65 fast interceptor vessels type
“Polaris II” in its 4 shipyards located in Oaxaca, Tamaulipas,
Sonora and Veracruz.
• The vessels are produced with a licensing agreement with
Swedish Dockstavavarvet , which will take 10 % of the vessel
sales price
• Dockstavavarvet is in charge of the coordination of the suppliers
of the vessels, such as propulsion systems, radar and
communication systems
• The vessel sales price is 2 Million USD
Polaris II vessel
Source: CNN