TECHNOLOGY AND THE ROAD TO PROFIT
PEMEX
130
“ WE ’ RE OPEN , WE ’ RE LOOKING FOR TALENT , WE ’ RE LOOKING FOR YOUNG PEOPLE , AND WE ’ RE GOING TO GIVE THEM THE OPPORTUNITY TO DEVELOP THEIR SKILLS ”
— Rodrigo Becerra Mizuno , Corporate Director and CIO , Pemex
extremely excited . I knew technology would be at the forefront of this transformation .
“ On top of this , Pemex is the largest company in Mexico and one of the largest in the world .”
The numbers back this up . As the eighth largest oil producer and drilling company in the world , Pemex ’ s $ 52bn revenue is equivalent to the entire GDP of Uruguay . It generates 2.5mn barrels of oil and 6mn cubic feet of natural gas a day , delivering this to over 11,000 service stations in Mexico and abroad via 83 land and sea terminals . From exploration , production and refining to logistics and marketing , Pemex covers the entire value chain .
TECHNOLOGY AND THE ROAD TO PROFIT
While the enormity and scope of operations no doubt presents a competitive advantage over new entrants to the market , it exemplifies the challenge Becerra Mizuno and the Pemex leadership are facing .
The 56-page 2017-2021 Business Plan signposts Pemex ’ s road to profitability , and notably sets a target to achieve financial balance in 2019 / 2020 . Technology will be crucial to realising this ambition .
“ If certain markets we are serving are not profitable , we don ’ t have to operate in them anymore ,” Becerra Mizuno says . “ In that case , we have to make better decisions with the information or the data that we have . That ’ s where technology plays a major role , because it can streamline our operations and create a better more profitable and safer environment .”
Brief set , what did the technology landscape look like when Becerra Mizuno arrived in September 2016 ?
“ I found that Pemex had a large amount of technology infrastructure . They own it , they develop it , they construct it , they deploy it . Everything
AUGUST 2019