BY JUDE WEBBER
How much of a risk are Mexican drug lords and the country’s volatile security situation for the landmark energy reform? The head of one company that has a services contract with Mexican state giant Pemex smiles ruefully.
At its worst point – some three to four years ago – a full 40 per cent of the acreage the company is working on was a no-go area, and that was despite some of the processes being automated, says the executive, who asked not to be named.
Things have improved somewhat, but it is all relative: the proportion of the area his company is working on that can only be visited with the army, in helicopters, has shrunk to 20 per cent.
“Security will be a problem,” says the executive, highlighting the elephant in the room when it comes to the industry’s otherwise rapturous reception of Mexico’s energy reform.
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