This paper shows how Pemex is looking the future to exploit reserves located in deepwater. Southwest Marine Region has increased its exploratory activities beyond the common water depths with high expectations to start up an important development of potential reserves laying in a huge area of the Gulf of Mexico. It is also analyzed some concepts for deepwater applications and regulations stated by Mexican Government to make operations in this area. Pemex has taken advantage of producing in shallow waters for a long time. However, top management of Pemex is aware of assuming the challenge of taking over in new horizons. As a result, it has been planned to integrate a workteam which includes several specialities focused in a long term training on developing deepwater fields.


Recently the oil world has focused its attention on deepwater developments and every time more countries have been entering to the scenary. Countries like Indonesia and Egypt have been making important finds in deepwater acreage, Israel is also going into deepwater with a well drilled in 2555 ft water depth in the Mediterranean Sea, Malaysia has drilled its first exploration well in 2,417 ft water depth. Other countries are trying for deepwater plays, Turkey with Limankoy-1 well in 2,788 ft water depth water, Australia is planning to drill three deep water wells over 4,000 water depth. New Zealand with Waka Nui-1 well, in 4,812 ft water depth. Norway have tried with un unsuccessful well in the Gjallarryggen area in 4,400 ft water depth1. The oil world is moving around deepwater, consequently, technology is evolving, day after day.

Surprising projects have grown up in a joint ventures environment like some state companies are doing in their countries. What is important to do in Pemex to keep up with companies actually working in deepwater is to engage human, material and monetary resources in such ambitious projects like Deepstar, kicked off by Texaco2 in 1992 with the mission of encouraging an industry worldwide cooperative effort focused on developing economically viable, fit-for-purpose deepwater technology. Undoubtedly this mission is supported by a great vision. After having runned four phases, benefits have significantly been increased while more operators are being added to the list. To date 23 oil companies are participating and about 45vendor companies contribute in Regulatory, Flow Assurance, Subsea & Equipment, Vessel, Mooring & Riser, Drilling and Completion, Administration, Reservoir Engineering, and Met Ocean, with cooperative efforts further successful deepwater technologies are expected.

What about Pemex E&P?, how is Pemex E&P doing to keep up with this accelerated worldwide change?. Is it prepared to jump over those spectacular projects in an environment regulated by governmental policies?. Technical gap between traditional ways of working in Pemex and those runned by successful companies working worldwide is huge. There is a big hill to climb to reach the top, so, Pemex has to set the pace to overcome it.

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