Energy Industries Council , Houston , Texas , July 2018
217 pany that could work in the value chain of oil in Mexico , from doing exploration and exploitation to transforming and commercializing crude oil and all its derivatives . Since the energy reform , the market has opened up , which is beneficial given the important level of investment that will take place in the sector .
“ Let ’ s keep in mind that PEMEX is a large company ; it ’ s emblematic and strong , but it lacks the capacity to explore every field existing in Mexico . In this way , other companies can take part and participate in this process , assuring Mexico that the exploitation of those fields will be carried out more efficiently . Given how the blocks have been assigned through tenders , the companies with the most participation or that generate the most revenue to the State are the ones that keep the fields . That ensures that Mexico is the big winner of these tenders and the big winner of the Reform ,” mentioned Escobedo . At the international level , big oil companies partner up to divide the risks and costs of exploration and
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