The content has been shared, if you want to share this content with other users click here.
Mexico's northeastern state of Tamaulipas is expected to become a major hub for non-conventional hydrocarbons development given abundant resources and a location with competitive advantages.
The state, which borders the Gulf of Mexico and Texas, contains around 32% of the country's prospective non-conventional oil and gas resources, the president of the Tamaulipas-Texas energy cluster, Constantino Castillo Hinojosa, was quoted by state news agency Notimex as saying.
Mexico has yet to extract shale oil or gas using fracking, but the energy ministry (Sener) announced in March last year that the third round of oil and gas auctions would include non-conventional fields.
Castillo Hinojosa said a recent energy summit held in state capital Reynosa allowed entrepreneurs, researchers, students and agricultural landowners to find out more about the benefits and risks of fracking in the state; and expressed his optimism that innovation would help in the challenge of regulating the non-conventional extraction industry.
Energy minister Pedro Joaquín Coldwell said earlier this month that Tamaulipas could become a key state in non-conventional hydrocarbons development given its proximity to the US and favorable land and sea accesses.
The state is home to the port of Altamira (pictured) and is an important hub for offshore oil and gas fields in the Gulf of Mexico, such as the deepwater Trión block. Developed by state oil firm Pemex in partnership with BHP Billiton, the block is expected to require US$12bn in investment.
Tamaulipas state government launched an energy agency in 2016, providing information on hydrocarbons production, shale gas potential and electricity generation and potential.
Castillo Hinojosa said value chains could be strengthened and investment promoted for the development of infrastructure according to the needs of large-scale projects in the state.
Mexico has the world's sixth-largest shale gas reserves and ranks behind Canada, the US, Algeria, Argentina and China in terms of shale gas reserves, and is ranked eighth worldwide in terms of technically recoverable shale oil resources, according to EIA, the US energy information administration.