Subsea UK to unlock Mexican market for UK companies

UK subsea companies will be heading to Mexico City next week on a showcase trade mission to increase business and trade opportunities in Latin America’s most promising energy hubs.

The event has been organized by the Department for International Trade (DIT) in association with Subsea UK, along with the Energy Industries Council (EIC), Aberdeen & Grampian Chamber of Commerce and Scottish Development International.

Subsea UK will lead the subsea section of the showcase as the representative body of the industry. The organization said that the trade mission taking place from September 26–29 in Mexico City, Villahermosa, and Ciudad Del Carmen will connect over 15 UK companies with Mexico’s energy players.

Each company, whose products and services are focussed on subsea technology, drilling, and efficiencies or midstream capabilities, will display their offerings to operators, potential customers, and partners. They will also get the chance to network with government and industry officials.

The showcase will also include a site visit to Mexican state-owned petroleum company, Pemex.

As part of the UK Government’s strategy to help double British exports by 2020, Subsea UK is seeking to strengthen trade partnerships across the globe, exporting the country’s subsea expertise to increase the sector’s international capabilities and reputation.

Neil Gordon, chief executive of Subsea UK, said: “Following the Energy Reform in 2013, the Mexican energy sector has undergone some big changes, opening up new opportunities for UK companies to play a major role in helping to maximize the country’s oil output, exporting their wealth of skills and innovation.

“In December, the Mexican Government will open to tender for ten deepwater blocks in the Gulf of Mexico. It’s crucial that UK companies take a strategic approach to market entry, making the right connections and partnerships to ensure they are in the running to be part of such a major development.

“By continuing to work with the Department for International Trade, we can further strengthen these ties and help UK firms break into the markets which hold the most potential and who are actively seeking what we can offer.”

Subsea UK added that the showcase will include several panel discussions, welcoming national and international energy experts to share their views on the future of Mexico’s energy industry, as well as look at the challenges for deepwater projects in the current market environment.

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