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Villahermosa, the oil capital of Mexico, will once again host one of the world's most important oil industry events. Between November 17-19, more than 5,000 visitors are expected to attend this event. In addition, many major international operating companies will be exhibiting in 2009. Participants in this year's event include more than 250 companies from 16 countries.
With the recent success of the 2008 event, the 2009 edition of PECOM is the ideal venue to new-to-market firms interested in participating in Mexico's offshore and onshore gas development program as well as those seeking to promote their technologies and services to potential end users and contractors.
The best prospects for firms seeking business in Mexico include: drilling of work-over-rigs, to be used in the exploration, discovery, development, maintenance, testing, depletion or production of oil and natural gas wells; pipe; valves; pumps; electrical apparatus for switching; insulated wire cable; electric capacitors, board panels; electric transformers; electric motors and generators; turbines, solar panels, electric poles, hydroelectric plants equipment, static converters; and rotary converters.
The largest investment in Mexico's NIP will be for the further development of Mexico's capacity for oil and gas production. As a major source of revenue to the Mexican government, PetrĂ³leos Mexicanos (PEMEX), the state owned petroleum producer, expects to invest in exploration, refining, and production (basic petrochemicals, gas, and more complex petrochemicals). More than US$76 billion is earmarked for these projects and over half of the projects have planned start dates between 2009 and 2011.
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