ricardo arce
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Ricardo Arce
CEO
Perforadora México
Perforadora's CEO discusses the its offshore units working with PEMEX and provides insight on modifications of its contracts with the NOC.
drilling
Analysis
When oil prices began a descent to US$25 a barrel in January 2014, triggering an industry-wide downturn, offshore drilling activity was severely hit…
Ricardo Arce
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Ricardo Arce
CEO
Perforadora México
We gave the NOC the rate reductions it requested, but in return we were able to obtain an extension of all our current equipment contracts.
Xavier García de Quevedo, President of Grupo México
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Xavier García de Quevedo
President
Grupo México
Ricardo Arce, CEO of Perforadora México, recalls a time when there were no Mexican companies working with PEMEX
Ricardo Arce
View from the Top
Ricardo Arce
CEO
Perforadora México
When a rig reaches 96% efficiency or more, each of the workers involved with that rig receives a bonus that is paid in two parts.
drilling equipment
Analysis
The Mexican rig market has been relatively stable for a number of years now; Noble remains the biggest player in the Mexican oshore market.
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