UK subsea companies will be heading to Mexico at the end of September on a trade mission that aims to match British expertise with the requirements of the emerging oil and gas sector in Latin America’s second-largest economy.
Subsea UK, in partnership with UK Trade & Investment (UKTI), and support by the UK Energy Industries Council (EIC), NOF Energy, and the Aberdeen & Grampian Chamber of Commerce, are leading the mission that will bring UK companies with experience in field performance and efficiencies, asset integrity management, and deepwater subsea technology to the Mexican market.
The trade mission will expose over 25 British companies, many of them from northeast Scotland, to detailed market insights and connect them with the key players in the industry, as they look to exploit the export opportunities in one of the fastest-rising oil and gas provinces in the world.
These companies will be given the opportunity to showcase their products and services to operators, potential customers, and partners, and to get the chance to network with government and industry officials.
Neil Gordon, chief executive of Subsea UK, said, “As part of the UK government’s strategy to help double British exports by 2020, we are seeking to promote partnerships with UK companies in Mexico. Since 2014, Mexican energy reform has opened up new opportunities in Mexico for UK oil and gas companies. There are currently more than 25 British companies active in Mexico’s oil and gas sector, with many more looking at the emerging opportunities.
“Mexico's deepwater oil projects are crucial to the optimal recovery of the country’s reserves. UK subsea firms could play a major role in helping to maximize Mexico's oil output, exporting the wealth of skills, innovation and experience honed in the North Sea.”
Earlier this year, Subsea UK launched Global Business – an online portal that provides regularly updated details on opportunities in over 20 countries. Developed as a starting platform for companies looking to expand into international markets, the portal allows users to access intensively researched industry reports, market data, related news and events to help them pinpoint exactly where the opportunities are outside the UK.
The UK is a global center of subsea excellence in terms of skills, expertise, and technology. By continuing to work closely with UKTI, Subsea UK is making sure that Mexico is aware of the UK’s ability to help it meet its deepwater challenges.
The Energy Showcase Trade Mission to Mexico will take place from Sept. 26 to Oct. 2 in the Mexican cities of Villahermosa, Ciudad Del Carmen, and Mexico City.
Subsea UK champions the UK subsea supply chain and represents more than 300 member companies.