Elsevier launches Geofacets Mexico, providing competitive edge to Mexico’s oil & gas block bidders
AMSTERDAM -- Elsevier has launched Geofacets Mexico, a special edition of Geofacets, designed to give oil and gas companies a competitive advantage in completing Mexico’s oil and gas block bidding.
This unique, cost-effective offering combines maps, seismic sections and timelines with other valuable data providing vital geological insight into the region.
Mexico’s oil and gas block bidding round is expected to commence this year, marking the first opportunity for foreign companies to explore, develop and produce oil in the country since the sector was nationalized in 1938.
Geofacets Mexico contains vital data from esteemed geological publications that will help organizations to assess the geologic conditions of Mexico, enabling prospective bidders to more confidently identify viable investment opportunities within the region.
Geofacets Mexico provides access to 6,600 geologic maps extracted from the journals of organizations such as the Geological Society of London, the Society for Sedimentary Research, the Society of Economic Geologists and the Geological Society of America, as well as Elsevier’s own resources.
Additionally, it will include over 80 georeferenced maps extracted from technical reports and documents made available by the Secreteria de Energia, SENER, and from Mexico’s Comisión Nacional de Hidrocarburos—the national hydrocarbons commission responsible for supporting the definition and implementation of Mexico's hydrocarbon policy.
Furthermore, Geofacets Mexico will incorporate English translations of the Spanish technical reports. Over 5,500 of the maps in Geofacets Mexico are georeferenced, allowing for seamless integration with tools such as ArcGIS or Petrel for further analysis and interpretation.
“With an estimated 3.8 Bbbl of oil reserves and 14.6 Bbbl of prospective reserves, Mexico represents an exciting and unprecedented opportunity for organizations with the knowledge, capability and resources to invest in the region,” said Phoebe McMellon, Elsevier’s Director of Product Management for Geofacets.
“Mexico’s Oil & Gas resources have been nationalized for a long time, so having access to the data and information from Geofacets Mexico, in conjunction with external data, allows companies to quickly and confidently assess the subsurface geology to target high potential, low risk areas,” added McMellon.
