Innovating Oilfield Data, Well Services in Mexico’s Market: Vinco

Q: What kind of services and technologies does Vinco bring to clients in Mexico?

A: We focus on data gathering, known as geophysical or electric logs, pipe recovery, wireline interventions in wells. Today we represent five brands, each with a technological differentiator. Our main goal is to have flexible technology for the needs of our clients. We are always looking for differentiation to grow within the country and capture as much market share as possible. That is why many of our competitors often become our clients, because we provide the technologies they do not have but require. The end clients in this case are PEMEX or CFE, and we provide services through operators. 

We have unique technology in Mexico, exclusive partnerships with international brands, and above all, efficiency. We operate with 98% efficiency in our services. On the product side, we have contracts supplying clients with technologies and materials that are not available in the local market, which we bring into Mexico. In the end, what positions us in the market is the efficiency and the services and products we provide.

Q: What makes your service model flexible and how do you support clients across the life cycle of a well?

A: One of our key strengths as a service company is flexibility. In oil and gas, we participate in production planning, all the way to drilling and completion. We are present in every stage of drilling, construction and production of the well due our core business is gathering information on all these stages. Our technology helps clients determine the producing zone. After that, we support completion with technology brought in from abroad, including explosives, to complete the well. During production, we use technology and equipment to evaluate well behavior, identify zones of interest, and plan new interventions to improve output. This flexibility to provide adequate services across all well stages keeps us as market leaders. We have technology designed for client needs. For example, PEMEX has highlighted high-temperature and high-pressure fields, which are critical challenges even for international players. Only in Mexico we face wells as deep as 9,000m. Not all companies have the technologies for such conditions. Vinco has proprietary tools designed for these environments. We have production logs specifically built for these conditions, readily available in the country.

Q: What role does innovation play in your service offered across the energy sector?

A: For us, it is about being versatile, flexible, delivering the right technology. The challenges we face include high-pressure and high-temperature wells, which require the right tools to deliver the information clients need. The right word is innovation. We always seek to innovate in our services to meet the needs of the energy sector. That is why our scope is much broader than just oil and gas: our services apply to the entire energy sector. 

We have gathered information in water wells; no competitor has the tools to do that. We innovate to meet client needs and to align with their projects. As clients explore and identify new needs, we always seek to address them. Unlike competitors who focus on securing high work volumes, we aim to be precise, stay in the market, and be recognized for our performance and technology. We do not develop new technology ourselves, we seek out the right technologies abroad and bring them to meet the needs of each client project.

Q: How are you using geoscience and artificial intelligence to improve your services?

A: All technology must generate value and benefit. Our mission is to give clients what they need. If our mission were just to generate revenue, we could do what anyone else does. Instead, we focus on innovation. A very important part is geoscience. This is where artificial intelligence comes in, along with the scientific side. We gather information, and we can interpret it for the client, helping them identify the best producing zones, the reservoir’s capacity, the mechanical integrity of pipes or cement integrity in well construction. Our role is to interpret the data we gather and help clients make better decisions. If we only delivered raw information, we would be doing half of the job. 

We are now working with AI: we link it to statistical solutions, well behaviors and tool performance. AI adds versatility to our services. For example, if we interpret certain behaviors across 10 wells, AI can tell us, “this is a sand formation with this porosity,” based on those 10 results. Analysts could do this, but it would take 48 hours, AI can do it in minutes. We are innovating in everything the sector needs, always focused on cost and profitability. With AI, well costs can become more profitable, and clients more efficient financially.

Q: What is your long-term vision for Vinco in Mexico’s oil and energy market?

A: Vinco continues seeking to grow and remain at the level required by our end clients, such as PEMEX and operators, while being a Mexican company worthy of competing with transnationals. We keep searching for technology, staying one step ahead to define what is coming. For integrated contracts, the sector requires companies with technological diversity, execution capability, and human capital. Equipment does not move itself. We need the level and certifications necessary to deliver efficient service. Mexico is at a point where companies truly committed to bringing technology to the sector are the ones that will add value to the industry.

Vinco Energy Services is a Mexican company specialized in providing Wireline Services, such as pipe recovery, perforation services, production and evaluation loggings for the energy industry. Through its partnerships and strategic alliances, the company brings together more than 25 years of experience in the sector.