In August 2011, Petrofac became the first foreign company to operate state oil fields in Mexico for more than 70 years when it was awarded two integrated services contracts by Petróleos Mexicanos (PEMEX), Mexico's National Oil Company, to develop the Magellanes and Santuario blocks. The contracts, which run for 25 years, were signed in October 2011 and Petrofac took full responsibility for field operations in February 2012 after an initial two-month transition period.
We have since been awarded a further three contracts in Mexico:
With our expanding presence in Mexico, we are committed to hiring and developing local resources. Since establishing country operations in Mexico in 2011, we have recruited more than 350 new employees. More than 90% of our staff are Mexican.
From a community relations perspective, we strive to make our socio-economic impact a positive one by running our operations responsibly and by investing in communities in ways that benefit the local populations. We believe each project in Petrofac has the potential to benefit local communities by creating jobs and opportunities for local suppliers. A positive impact also means making sure that we engage openly with people who could be affected by our projects and that local cultural heritage is preserved.