For decades, government owned oil companies like Pemex have monopolized oil production in Mexico. However, this situation will soon change after the government began offering tenders to private companies to explore oil in the region. This move will boost the country’s oil production industry. Private companies such as Cotemar are ready to revolutionize the oil industry in Mexico. Cotemar has been a major provider of oil services to Pemex. The corporation has been helping Pemex to develop technologies that facilitate the extraction of oil resources offshore. Owing to their specialized vessels, the company is well placed to secure deep-water tenders.
Cotemar has had a positive impact on the oil & gas industry in Mexico and beyond. The corporation offers a wide variety of services. With over 38 years in the industry, the company has earned much respect from their rivals for providing other organizations with innovative and unmatched services. Cotemar has managed to operate as a going concern because of four core values that include integrity, reliability, humility and innovation. The company has constantly sought to expand its service offing in the oil industry. Its highly talented and experienced team uses high performance business models to develop solutions that satisfy the utility of their clients.
Cotemar offers its services through three primary venues; construction, modernization, maintenance, and engineering as well as Specialized Vessel, and Accommodation and Catering. The first segment focuses on the modernization and innovation of offshore rigs and processing centers. This includes services like prefabrication, installation, and commissioning operation. For specialized maritime services, Cotemar has specialized vessels for transportation of staff, materials and supplies, which are monitored. The company upholds high ethical standards. Catering and accommodation services include laundry services, nourishment, bedding services and cleaning of common areas. Cotemar strives to be a sustainable company by participating in new business sectors in the oil industry on a global scale and capitalizing on emerging opportunities.
Initially, Cotemar operated as an oil service company before expanding their portfolio to offer offshore services in the oil & gas industry. The company was established in 1979. In 1981, Cotemar strengthened its position on the market by acquiring more specialized transport vessels for materials and personnel. The company acquired its first rig in 1985, which served as an accommodation rig. Three years later, they acquired five more rigs and three specialized vessels for additional construction and maintenance services. By 2012, the company started constructing two semi-submersible rigs in collaboration with COSCO. The new project was completed in 2015, giving Cotemar a new business opportunity in the onshore upstream sector.