VIEW FROM THE TOP |
AVANT-GARDE OPERATOR MADE IN MEXICO WARREN LEVY CEO of Jaguar E&P
Q: Why did Jaguar E&P (Jaguar) choose to farmout with
Q: How easy has it been for Jaguar to comply with its
Vista and what are the main operational capabilities that
local content requirements?
you are expecting from this association?
A: We are working with a vibrant community of local
A: Our joint venture with Vista has been a great success.
providers. More than 50 percent of the supplies we use for
We succeeded in blending Jaguar’s experience working
our operations are of national origin, which is way above
in Mexico with Vista's strong track record as an operator
the local content required by law. This is the result of our
in Latin America. Working with Vista, we believe we can
commitment with the development and improvement of
focus on operational excellence and cost control and also
production chains at the local level, which we meet hiring
gain access to better technologies and better exploration
and acquiring local products and services. When we need
standards. We are focused right now on meeting the
to supplement what is available locally with international
commitments we made for our awarded blocks and fully
experience for technical reasons, it is always done with
realizing the potential in our operations.
an eye to eventually be able to develop the capability in Mexico.
Q: What type of operator would be the ideal partner for Jaguar to increase the company’s strengths?
Q: How are you navigating environmental and social
A: We are proud of what we have accomplished as a team
impact assessments?
and we continue strengthening our capabilities. We are
A: We are part of the communities where we operate and
open to partnering with companies that share our vision
are committed to contributing to their prosperity through
and values, both in terms of quality and safety, as well as
quality jobs, employing and training locals to be part of
regarding our environmental and social footprint. We also
our operations. We use state-of-the-art technology and
look for a partner that wants to have a positive impact in
the highest safety and environmental standards, working
Mexico and the communities where we operate.
with transparency and in full compliance with national, state, and local laws and regulations. Additionally, we
Q: What are the main highlights from your operations
are developing social investment strategies to ensure
across your 11 assets?
that our operations can also generate long-term social
A: Our primary focus is to solidify our operations in
and economic development in the communities where
Mexico and ramp up production on four of our 11 assets
we operate.
that are already operational as quickly as possible. Drilling the most valuable exploration wells within our
Q: How has the government’s new energy policy changed
blocks to develop future development potential is also
Jaguar’s plans to increase or diversify its portfolio?
among the priorities set for the next couple of years. Our
A: We remain focused on our current commitments in
goal is to be a sustainable growth-oriented company,
order to meet the production goals stated at the time
responsible and prudently developing our asset base.
these contracts were adjudicated. We have a lot of work
Of course, we plan to fulfill the commitments that we
to do. We believe in Mexico and remain convinced that
acquired in Rounds 2.2 and 2.3, which means we have to
the government and private companies can work hand
drill 20-30 oil wells in the next few years. Additionally,
in hand to meet Mexico’s production goals.
we are focused on developing production and positive cash flow, which will help to assist with our growth. We are committed to helping Mexico meet its production
Jaguar E&P is a Mexican oil and gas exploration and production
goals and strengthen its energy sovereignty generating
company. It competed in Round 1 and won 11 onshore blocks
economic development for the nation and prosperity for
in Rounds 2.2 and 2.3, becoming the company with the largest
its communities.
number of onshore contracts in Mexico
111
