Mexico 2018 | ENERGY & MINING | COLUMN

TBY talks to Dr. Ernesto Ríos Patrón, Director General, Instituto Mexicano del Petróleo (IMP), on the sector.

Dr. Ernesto Ríos Patrón

How has IMP's influence attracted investors to Mexico?

We have done it particularly through creating knowledge and data. For many years we have been developing models of how reservoirs behave, the productivity they can generate, and the geological conditions at which these operations can happen. Our first role has been to provide that data to the government in order to be able to bid and attract investment. The second way we have attracted investors has been through creating our own capabilities in terms of deep water. For that we are in the process of opening one of the largest new deep-water technology research centers on the continent, which will reduce the time between discovery and commercial exploitation.

What sectors of the hydrocarbon industry will IMP focus on in the next five years?

Exploration in deep water—we want to collect enough information to give more certainty to the development of fields. In the next few years, we will be extremely involved in creating geological and oceanic information that is relevant to putting infrastructure that is reliable and has safety considerations in order to operate soundly in deep water.