Technology Magazine July 2019 | Page 429

CHANGES IN THE OIL SECTOR

3 Last generation semi-submersible

1979

Year founded

5,200 Approximate number of employees

CHANGES IN THE OIL SECTOR
The 2016 oil sector price drop changed the scenario for service and operator companies , which had to adapt and generate new containment strategies . Salazar comments on this challenge : “ The decline in the oil sector a couple of years ago stopped investments . The Energy Reform in Mexico has generated a lot of uncertainty since the main players can only wait and see what will happen with this new government . It ’ s important to stay where you are , be cautious ”.
“ This also generates uncertainty for other players and consequently investments stop , projects are thoroughly reviewed and audited , they become slower , nobody wants to make mistakes ,” says Salazar .
In spite of the current challenges the sector is facing , Cotemar keeps on moving forward to give its best by collaborating with its main client , Pemex ( Petróleos Mexicanos ). As Salazar points out : “ The company is investing in developing its capabilities to offer products and services to international oil producers . During the
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