Security, Experience, Strategic Position Equal Added ValueTue, 09/05/2017 - 15:42
Q: What added value does API Campeche offer to the Mexican O&G sector?
A: Our strength relies on three elements. First is security, and we are the No. 1 state as far as port security goes. For our three ports in Campeche – Ciudad del Carmen, Seybaplaya and Lerma – we developed a partnership with the Ministry of Public Security through which it provides special security operations at our ports. This has provided us with a strong competitive advantage because most companies in the sector looking to launch port operations always ask about security. Second, we have broad experience in the market. Working for more than 30 years in the energy sector, both with PEMEX and international companies, has allowed us to amass the knowledge and relationships to facilitate the entry of new participants into the market. The third point is Campeche’s strategic position in relation to the main oil fields in Round Zero. Being the closest port for 80 percent of PEMEX’s shallow-water wells offers great potential for future operations related to farmouts and for future shallow-water rounds located in our shores.
API Campeche also has strong relationships with other port administrations. Most of the companies that work in our facilities also have operations at other ports so having strong communication channels is vital.
Q: How is API Campeche preparing for the expected boom in Gulf of Mexico operations?
A: We are developing significant infrastructure in the ports of Ciudad del Carmen and Seybaplaya. Ciudad del Carmen will see an investment of over US$55 million, allowing for a 12ha expansion with one extra kilometer of docks. The same investment is expected in Seybaplaya, resulting in another 7ha and 412 extra meters of dock, as well as the modernization of the energy and potable-water installations at the port. The related industrial parks at both ports will also be modernized and the ports’ ISPS codes will be recertified. One of the main advantages of modernizing our port of Ciudad del Carmen is that it will give it a 7m draft, meaning almost three more meters. This will allow the port to manage the bigger vessels that are required by the offshore operations expected in the short termThe same is being done at Seybaplaya port where we are developing underground and dredging studies to allow it to accept bigger ships. This modernization is not only for the incorporation of international companies but also for PEMEX, as the NOC is looking to become more competitive.
Q: What is API Campeche’s strategy for consolidation in the near and midterm?
A: We want to stop being seen only as a tax collector and administrator. To achieve this, we are venturing into new working schemes that are helping us to create partnerships with public and private companies. API Campeche is already working on PPA schemes to develop all the projects that will be needed in the short and medium terms and that will require large capital investments, such as the potential development of a ship and platform yard. To capture the attention of companies in this specific area we published official announcements of intent in the main national media. We are also talking directly with companies we know could work with us. We have received interest from important companies such as Keppel and we hope to launch the official bidding rounds soon.
API Campeche wants to support the operations of all the companies that are coming to Mexico. The new facilities at all our ports will be strongly focused on providing support for the energy sector and offering tailor-made solutions for companies in the sector, while making room for other opportunities, such as those in the commercial segment.