So far we have had a utilization rate of 3.9 out of the four rigs in 2016. The four new rigs were in use during practically the entirety of 2016. Q: What percentage of your fleet has been operational this year and how does that compare to the market?Ī: We have five jack-ups, four of which are new. No contract has been migrated to the new system yet and one reason is that the government is used to receiving a 65 percent share, which is not sustainable. A greater balance should be struck and ratios like 50/50 or 40/60 would make more sense. I do not know what percentage should be taken into account but I do not believe a ratio of 10/90 is adequate. The role of the government is not necessarily to attract more money but to promote the development of a higher oil production environment. Q: How should the government balance the relative weight of the royalty and work plan in allocating the contract?Ī: The government should favor the investment commitment. For that company, it may have been a good business model but we are certain this was not the best result for Mexico. In a model where production rates remain the same as current levels, 99 percent can feasibly be given to the government because the bidder will still earn 1 percent with zero investment. These high bids do not necessarily mean they will lose money. Another issue was that most of the winners placed high bids. In our model, we allocated six times the required investment to develop the fields, which was not considered in the CNH criteria. One of our problems was that CNH placed little importance on the additional investment criteria, which totaled less than 10 percent, because it had a cap. We also put together a good business case with the objective of developing the fields to their maximum potential. Grupo México is a large operation if we win a block, we need one of a certain size. We then submitted three bids for the onshore Round 1.3, selecting three of the four largest blocks. But this experience helped us to understand how the process works. We tried to qualify in Round 1.2 but we could not submit a bid because CNH ruled that our partner did not meet the criteria to become the field’s operator, so we had to withdraw our prequalification. We are participating in the rounds but we have not yet won a block, which is not necessarily a bad result. 2016 was a difficult year for the industry, mainly for shallow water drillers like us. Pierce, K.G., Livesay, B.J., Finger J.T.Q: How have the bidding rounds shaped Perforadora México’s E&P ambitions?Ī: Our objective is still to become an E&P player and we are carefully moving toward that goal.Celim Slovakia (2011) "Arc Discharge, Plasma Torch (different approaches)".Massachusetts Institute of Technology (2006) "The Future of Geothermal Energy".Effective transport of disintegrated rock.Continuous drilling process without replacement of mechanical parts.The development of highly effective plasma torches to be used as a source of the thermal plasma demands a deep understanding of the wide spectrum of processes taking place in the discharge chamber.Īdvantages of Plasma deep drilling technology The electric arc is influenced by factors such as: the gas flow, inner and outer magnetic fields, and construction elements of the chamber which confines the arc. An arc discharge is characterized by a lower voltage than a glow discharge, and relies on thermionic emission of electrons from the electrodes supporting the arc. An electric arc is an electrical breakdown of a gas that produces an ongoing plasma discharge, resulting from a current flowing through normally nonconductive media such as air or gas.
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