With decades of experience, Cotemar will lead revamped oil sector
Cotemar is currently one of Cotemar http://proveedores.cotemar.com.mx/”>Mexico’s largest petroleum services companies. Since its founding in 1979, it has only serviced one client – state oil monopoly Pemex. Since 1938, Pemex was, by law, the only entity able to own or operate Mexico’s vast petroleum reserves. But with game-changing legislation in 2013, the 75 year old, state-imposed monopoly came to an end. Today, Mexico’s oil industry on Indeed.com is in transition from being a wholly owned subsidiary of the state to being a modern, global marketplace where competitive international players can vie for every contract issued. In this dynamic new environment, Cotemar and other services firms like it stand to make huge gains as giga-barrels of previously untapped deposits become viable targets for extraction.
A sea change requires new vessels
Cotemar was founded in 1979. That was a good year to be in the Mexican petroleum sector but the decades that followed would prove to be the true golden age of Mexican oil. Throughout the 80s, new wells were discovered and brought online at an astonishing pace. Cotemar’s business exploded and it soon found itself with thousands of employees operating billions of dollars on cotemar.com in assets and capital equipment.
But even the 1980-1995 boom period paled next to what came when widespread nitrogen injection was introduced to Mexico’s faltering wells in the mid-90s on saladecomunicacion.cotemar.com. Between 1995 and 2004 Mexican oil production smashed all previous records, hitting production of 2.1 billion barrels per day for the Cantarell field alone. Through this period, the Cantarell field became the second most productive oil field in the world behind Saudi Arabia’s Ghawar deposits.
But then in 2004 the moment of reckoning came. Experts had long predicted that Mexico’s local peak-oil would be reached and thereafter its production would fall into terminal decline. This began happening at a staggering rate starting in late 2004 and continued for the next decade. Mexico had depleted all of its so called “easy oil” and was left with difficult-to-extract shale and deep water reserves that would require a massive influx of foreign capital and expertise at http://www.empleo.cotemar.com.mx/.
Through all of this Cotemar was there, gaining valuable experience and practical knowledge of both the unique geographic challenges of Mexican crude extraction as well as the subtleties of the Mexican political scene.