Pemex is not prepared for risks such as a spill or other serious accident that could happen as it plans to drill two wells in ultradeep waters of the Gulf of Mexico, said Juan Carlos Zepeda, the head of Mexico's National Hydrocarbons Commission, in a Feb. 15 interview with The Wall Street Journal. According to Zepeda, his agency's resources amount to about 2 percent the size of its U.S. counterpart's budget. Pemex officials, however, say that the company is capable of carrying out its plans safely. How prepared is Mexico to deal with a serious accident in the Gulf of Mexico? Is the company sacrificing safety in its bid to improve competitiveness and meet production goals?
Re-posted with permission from the publishers as a PDF document as part of an Institutional Repository collection to aggregate energy policy, regulation, dialogue and educational materials.
Inter-American Dialogue's Latin American Energy Advisor. "Is Mexico Prepared for Deepwater Drilling in the Gulf?." (2012). http://digitalrepository.unm.edu/la_energy_dialog/168