Local Knowledge Helps Mitigate Operational Mishaps

Q: How has Kasoil adapted to the changing technological landscape in the oil and gas industry?

A: Kasoil is a Mexican company dedicated to providing solutions in the value chain of the oil industry and has been actively looking to be a disruptive factor in the industry by incorporating new technologies for the Mexican market to contribute to the development of energy in the country. We have been in the national and international market for 7 years, we have worked for the state company and main operators in the country and together, we have carried out more than 100 projects aimed at improving the understanding of the subsurface, preparing exploitation plans, optimizing the production of the fields and/or wells that, in conclusion, contributes to maximizing the profitability of the business, safely and in adherence to our safety, hygiene and environmental policies.

Q: What innovations have you implemented to improve your services?

A: Among the services that we offer is the automatic interpretation of seismic data and the asset simulation using GPU (reservoir-well-surface coupling). The company is the commercial representative of multiple technological companies in Mexico as StoneRidge, Technology that allows modeling and coupling multiple fields that share facilities, to generate exploitation plans without simplifications and attached to reality. 

Q: How has your reservoir characterization technology performed over the past few years?

A: The reservoir characterization technologies used and represented by Kasoil make it possible to identify where hydrocarbons can be found in a company's area of ​​interest. It has captivated our clients because it also allows them to determine when the well will be completed. This allows them to save money due to the limited drilling days that lead to success.

Q: How has its adoption advanced in the Mexican market and how has it helped companies to achieve greater returns in a shorter time?

A: At this time, the company is in the commercial development stage and is beginning to offer these technologies to customers. However, in the case of high-density seismic data interpretation, the company is further along and many customers are beginning to implement it. In addition, StoneRidge will soon introduce a new version of its supercomputing simulation technology that will represent a paradigm shift in reservoir simulation. Now we are starting to promote it so that customers can take advantage of these numerical simulation technologies to create models of integrated fields.

Q: What differentiates the company regarding these new reservoir characterization technologies? 

A: Kasoil can combine top-notch technology with Mexico’s human capital expertise. In addition, all our experts have more than 20 years of experience in the industry. We also have a slew of technological tools that allow us to offer premier services. As a domestic company that knows Mexico’s reservoirs, we have carried out more than 100 studies. Additionally, our cost structure as a Mexican company has made us highly competitive.

Q: How has the regulatory environment affected Kasoil's operations?

A: The regulatory environment has not affected us directly, since our main client is PEMEX. We offer specialized services to operating companies, such as equipment supply to their fields. In that sense, our areas of expertise remain unimpacted by the regulatory environment.

Q: How is the company contributing to advancing Mexico’s oil production goals?

A: The most important issue in the oil and gas industry is the economic production of hydrocarbons. All of Kasoil's engineering development activities help companies mitigate risks, reduce uncertainty and minimize risks during drilling, saving time and money, and increasing the probability of finding and producing hydrocarbons profitably.

Q: What is your outlook for the oil and gas industry in 2023 and 2024?

A: PEMEX has set its strategic plan for 2023-2024 and the outlook is promising. The number of exploratory wells and the projection in the IOC’s program is on the rise. We can visualize a wealth of activity coming for the PEMEX as well as for private operators. This year, companies are optimistic about complying with that strategic plan, which goes hand in hand with the strategy to produce more barrels.