Steadying Up the Mexican Oil Giant Cotemar’s Ship


Introduction

 

Cotemar S.A. de C.V. or Cotemar is a company that offers services in the gas and oil industry. The company was started in 1979. It has grown to become the biggest Mexican gas and oil service provider.

 

The company’s mission to provide offshore oil services is driven by its efficient processes achieved by the use of industry-leading technology and goal oriented people. The company’s vision is to be a viable business by engaging in different sectors in the oil and gas industry. The company values integrity, reliability, humility and innovation.

 

Services that Cotemar Offers

 

Cotemar provides services in the offshore oilfields. It uses specialized vessels and works to ensure that the services rendered meet the quality and safety.

 

To offer quality services, the company subdivided its operations into three categories:

 

The construction sector is tasked with modernizing and introducing innovation to the clients’ offshore equipment and processing centers. The specialized service vessels are involved in the transportation of people and other light materials. Other ships are used to haul large structures. The accommodation and catering departments offer nourishment and cleaning services among others to their clients.

 

Working Experience

 

Working at Cotemar exposes one to one of the world’s most advanced technologies in the oil and gas industry. It helps one advance his knowledge in different technologies.

 

 

Approach to Sustainability

 

The company’s 1996 strengthening of the transport services of the different sectors increased its market share. To ensure the use of the best technology, the company is always exposed to new industrial knowledge. The company also uses specialized vessels in different activities.

 

Cotemar’s Silent Mexican Oil Revolution

 

Despite being in a crisis, the company is optimistic about getting out of it. The crisis has been fuelled by the termination of two outstanding contracts by Pemex and failure to renew the contract with Prosafe.

 

The crisis in the oil sector has seen industry players adopt cost-cut policies. For instance, Pemex’s 100-billion-peso (mdp) cuts meant the cancellation of the contract with Contemar to reduce its costs.

 

The company has seen reduced income due to the reduction in the renting rate of their equipment. Consequently, the company has been forced to cut its labor force by about 2,300.

 

The company’s stability is boosted by the use of its specialized vessels by the national oil company. The ships are being used in transportation, maintenance, and construction going on in the Mexican oil industry.