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Some of the shallow offshore fields in Ronde 2.1 are offshore Tabasco. The RP could service them.
bigtimber, there is no doubt that offshore activity is on Mayan remediation radar; last RNS Mayan update. 20/4/2016, specifically highlights that opportunity: "Strong Business Case for the Facility It is Northcote’s belief that, despite a lower oil price environment, the energy reform in Mexico is on track and that recent developments continue to support the business case for and will greatly benefit the MDF facilities in Tabasco given the following factors: Strategically and centrally located facility with access to two key highways in the heart of onshore oil & gas fields, blocks to be awarded pursuant the recent bid round and state run blocks; Proximity to key port supporting all offshore oil and gas activity in the southern portion of the Gulf of Mexico; Substantial nearby refining and industrial activity to diversify revenue streams; High demand for remediated solids for road construction and fill-in of numerous quarry mines in immediate area; Mexico is generally recognised as one of the lowest production cost oil regions in the world Excellent potential for the Facility to support remediation requirements in the downstream sector (refining, marketing and distribution of petroleum products) as well; Having previously been segregated from international competition and compliance with environmental protection and other industry standards within the refining and retail fuel distribution market, the introduction of PEMEX to international competition has already created a push for: improving environmental standards; mandating greater environmental and financial accountability improving the retail fuel distribution segment to operate line with international standards" The capacity of the plant has been increased from 700 tons per day to 845 tons per day (indicating demand), with the possibility of expanding further if needed. Based on announcements the plant will have started commissioning around now - the intention is that it be operational 24/7 so best ensure no snagging issues. The company have stated that they identified many different types revenue streams from the plant and I guessing at this juncture Juan Osmon, President of Mayan Drilling (and President of Gaia, NCT JV partner) will be having plenty of discussions locally - whether they are in a position to manage offshore waste haulage from the outset, who knows. I suspect initial contracts will be based on onshore local demand, but in due course certainly a big opportunity to break into. I would like to think that through NCT controlling interest in Mayan Drilling, that can represent shareholders interest in serious waste haulage business but no doubt there will be other JV opportunities once the plant is fully operational.
Offshore - worth highlighting the original 29/7/2015 RNS - note the comments re longer term offshore; could see a JV with a barge provider, that would work..... About the Facility Focused on minimising upfront cash requirements, and to ensure that the Facility fits industry demand for its services, the JVCo has a development plan that will mean the site should start generating cash flow immediately upon commissioning.� The Facility is designed to be easily scalable should Tabasco county see the increase in drilling activity that is anticipated by management.� Furthermore the products and services offered by the Facility can be expanded to include handling waste from off-shore drilling platforms and eventually be expanded to recycle the hydrocarbons and water recovered in the remediation process to manufacture drilling fluids and drilling muds. Mayan Drilling Fluids will be engaged in environmental remediation services, which will include, but not be limited to, the remediation of oil based mud drill cuttings.� The Facility's initial capacity will be in excess of 700 tons per day with the potential to expand as demand increases over time.� The pricing model being implemented by Mayan Drilling Fluids contemplates pricing in-line with similar plants in South Texas where prices range from $60 to $100 per ton. Geographically the Facility's location in the city of Comalcalco is in the heart of on-shore oil and gas activity between the city of Villahermosa, Mexico and the nearby port facility.� It is anticipated that the location will give Mayan Drilling Fluids a competitive advantage by reducing the distance that oil and gas operators will need to transport their waste for remediation.� Longer term the proximity to the port facility will allow for potential addition of barge service to treat cuttings from offshore platforms in the shallow water Gulf of Mexico and the Company contemplated recycling oil for use in manufacture of oil based drilling mud. Additionally, the Facility's location allows for efficient use of capital as Mayan Drilling Fluids will not have to own large acreage to hold remediated rock and dirt.� Output not sold to support major road and construction projects is expected to be sold as fill for quarries in the vicinity in line with the government's specifications.� The JVCo is on track to secure all necessary permits during the construction phase.
Logically though, Juan Osman and Abraham Achar will be the Mayan Drilling guys doing the ground work for contracts for the RP; Gaia after all are the specialist local operational partner for the plant (NCT being the financier); Gaia have a good reputation and plenty of offshore/onshore experience as set out in their website, plus some very big clients , Halliburton et al - now finalised, the Mayan Drilling plant should place the JV in a very good position to pick up referral work from Gaia client base : ) http://www.ecologica.mx/en/clients/
bigtimber, precisely; as part of the Mexico Energy reform the regulations dealing with O&G waste were materially re-written. My understanding from a while back is that under the then new Mexico government regs passed in March 2015, the Mayan plant is intended to one the first treatment plants in Mexico to satisfy the treatment criteria of dirt tainted with oily chemicals generated from the discharges from field exploration, drilling, production, well treatment and well completion activities. Maybe not immediately but certainly part of the plans for the site capabilities. Catch up later.