The Mexican oil and gas industry was not immune to the various challenges that have affected the sector globally since 2020. However, the industry has been greatly shielded against the worst of these circumstances thanks to its status as an essential sector.
The Mexican government declared the oil and gas sector an essential economic activity at the outbreak of the COVID-19 pandemic in Mexico and decreed that its operations were to remain uninterrupted throughout the crisis. Major IOCs made significant commitments to their operations in Mexico despite the necessary delays they had to absorb as new health and safety measures were implemented and populations at risk were sent home to prevent contagions.
Meanwhile, the sector’s regulators have also been able to clear the backlog that accumulated during the most difficult times of the pandemic when mobility and gathering restrictions were at their strictest, sometimes achieving faster response times with reduced personnel and fewer material resources.
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