Mexico 2016 Strategic Roundtable

June 16, 2016

The Oil & Gas Year, in association with EY, Sierra Oil & Gas, and the Mexican Petroleum Institute, conducted its second strategic roundtable for Mexico, in Mexico City, on June 16, 2016. The event was held at The Hyatt Regency.

The event brought together Lourdes Melgar, Undersecretary of Hydrocarbons of the Secretariat of Energy; Ernesto Ríos Patrón, general director for the Mexican Petroleum Institute; Salvador Ayala, vice-president of marketing, sales and technology at Schlumberger; Salvador Ugalde, head of the hydrocarbons income unit at Mexico’s Secretariat of Finance and Public Credit; José Manuel Carrera Panizzo, chief alliance and new business officer at Pemex; Andres Brügmann, country manager of Fieldwood Energy; Luis Vázquez Senties, president of Grupo Diavaz and Alfredo Alvarez, energy segment leader for Mexico and Central America at EY, to engage in an open and constructive dialogue about the current opportunities that exist in Mexico after the first oil and gas bidding round. Iván Sandrea, CEO of Sierra Oil & Gas, moderated the panel discussion.

The roundtable, titled “The route to re-invention – Lessons learned through the historic oil and gas bidding rounds in Mexico,” covered a number of themes, including the level of risk faced by the first participants in the Mexico’s energy industry, the role of IOCs and local companies as leaders in the opening of the industry, the importance of natural gas after the liberalisation of Mexico’s energy market in a scenario of low prices, the new transparency and safety measures to minimise environmental and operational risks in offshore and onshore plays and the country’s capacity to attract investments for the industry.