shallow water oil drillingMexican conglomerate Alfa plans to participate in bidding for drilling contracts in shallow water sites in the Gulf of Mexico and is considering mature oil fields, the company’s president said this week. Alfa decided not to participate in the first round of contracts but is now interested in the evolving opportunities resulting from the Mexico Energy Reform.

“We are going to participate in other rounds of shallow-water production and mature oil fields,” Garza said at a press conference.

Alfa already provides oilfield services to Mexico’s state-run oil company Pemex and it is also a significant operator in the Eagle Ford Formation in south Texas. The company has also said it plans to ramp up its electricity generation over the next five years in the wake of the energy sector reform.

Mexico Infrastructure Projects Forum 2015 in Monterrey Nuevo Leon