Medina, who assumed the CEO position in February, discussed Pemex’s Houston outreach as the company evolves into a global independent energy company following the end of a 75-year, state-run monopoly in 2013. He outlined the continuation of a five-year plan to stabilize Pemex’s finances through production partnerships, including development agreements that will establish exploration and extraction in the deep waters off the southern Gulf coast of Mexico.
Hugo Espinosa, OFS Sales Director – Latin America, Baker Hughes, a GE company, introduced Salvador Escobedo, President and CEO, Pemex Procurement International (PPI), who outlined PPI’s role in modernizing the Mexican energy sector.
Board Members Galen Cobb, Vice President – Industry Relations, Halliburton, and Richard Alabaster, President – Surface Technologies, TechnipFMC, were among those in attendance. To learn more about PESA’s Mexico Task Force, click here.