- Mexico | 9 June 2016
How do you get involved in the energy sector?
Our experience is very varied. We are working on projects such as hydrocarbon recovery in the oil sands of Canada, together with an engineering company. Currently, the operator uses a thermal process that has many volatile organic compounds that cause contamination in the aquifers. We are implementing a non-thermal process, without these organic compounds. It is a new technology that we are beginning to apply in Kentucky, and we are also starting a new project in Nigeria. We also have an affiliated company in Louisiana from which we provide human resources for the shipbuilding sector. We have a contractor license for shipbuilding, offshore platform construction, and environmental work. In Houston, we provide manufacturing services for underwater safety equipment. We also have a project in Brazil where the end customer is Petrobras. We have won a contract with Oil States International for five years of work. Additionally, we provide manufacturing services for another company, Lone Star Energy Fabrication, which has recently completed the Shell Olympus platform and the Chevron Bigfoot project. They now have a huge project for Exxon and three projects for Pemex, so we have years of work ahead. We also have customers dedicated to hydraulic fracturing. In this case, we sell fiber material and provide workers to provide services. We work on water treatment, together with an engineering company that has a technology that eliminates practically 100% of waste. We also have people working with Exterran on pressure equipment.
What is your capacity as a contractor?
We have about 140 employees. In 90% of the workers we provide, we act as an intermediary for the client, but we can also work as contractors, either in the manufacture of platforms, pipelines, or compressor stations.
What importance does Mexico have for Crown Resource Management?
In total, 20 to 25% of our work is related to Mexico, indirectly. Now we want to enter Mexico directly, perhaps as a contractor for Pemex. We are also looking at a project with an EPC company in Ciudad del Carmen. I see huge growth opportunities in Mexico, now that the country is finally going to share its production with international companies. For us, most of the opportunities come from platform manufacturing, oil fields, and also pipelines. There is a lot of competition, so we have to find our niche and enter with the right technology, service, and prices. Some people are skeptical about Mexico, but I am not afraid. I have been seeing the country since before NAFTA. Before, there was a lot of risk and quality control issues, but now the situation is changing.
What position does Crown Resource Management have in the market?
Our first project with Oil States International for Petrobras was completed in 2013. Petrobras was very satisfied and awarded more contracts to Oil States. Lone Star Energy Fabrication had a contract for a platform for Pemex, and then secured contracts for three more platforms. When you do a good job, production speaks for itself. Our affiliated company, in the 2000s, also worked for BP, Conoco, Ensco, and Viking Drilling, among others, so we have a good reputation. In those years, the barrel of oil was selling for 10-11 dollars, so we have seen the good times and the bad times. Right now, I am very eager to work in Mexico, as a contractor for Pemex and other companies, and we are certainly open to strategic alliances.