UK subsea companies will be heading to Mexico at the end of this week on trade mission which 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 UKTI, and support by EIC, NOF Energy and Aberdeen & Grampian Chamber of Commerce, are leading the mission which 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 North-east 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 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, the 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 which 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 out-with the UK.
Mr Gordon added: "UK companies are quickly realising that they need to look beyond the North Sea and capitalise on the benefits to be gained from expanding into international markets. For many, the only thing holding them back is not knowing the route to take. At Subsea UK we work hard to support companies in fast-tracking their international growth by exploring new business prospects around the world.
"The UK is recognised as a global centre of subsea excellence in terms of skills, expertise and technology. By continuing to work closely with UKTI, Subsea UK is making sure that Mexico turns to the UK’s subsea industry to meet its deepwater challenges."
The Energy Showcase Trade Mission to Mexico will take place from 26th September to 2nd October in Villahermosa and Ciudad Del Carmen, Mexico City. For more information, visit www.subseauk.com.