Pemex, First Reserve and Tudor, Pickering, Holt & Co Co-Host Exclusive Mexican Energy Summit

Bring Together 50 Companies Across the Energy Value Chain

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May 18, 2015, 09:00 ET

GREENWICH, Conn. and HOUSTON and LONDON and MEXICO CITY, May 18, 2015 /PRNewswire/ -- First Reserve, the largest global private equity and infrastructure investment firm exclusively focused on energy and Tudor, Pickering, Holt & Co ("TPH"), the energy investment bank, co-hosted the Mexico Energy Strategic Summit recently in Mexico City, with the participation of Petroleos Mexicanos ("Pemex").

Garnering attendance from notable energy companies in Mexico, the U.S. and internationally, the event facilitated extensive discussions on the macro landscape and opportunities for energy investment in Mexico. Attendees shared their vast knowledge resources over two days in Mexico City, towards a goal of mutual benefit and promoting growth and supporting industry in Mexico.

Pemex and First Reserve recently announced a $1 billion agreement to jointly pursue large-scale essential infrastructure opportunities across the energy value chain including the landmark Los Ramones pipelines. These announcements marked a statement of foreign confidence in the Mexican energy industry and an indication of broad interest in the investment opportunity set which could serve to create jobs and lower electricity prices in Mexico.

The two organizations teamed with TPH to conduct the Mexico Energy Strategic Summit to capitalize on the growing interest in these opportunities for investment in country. With presentations from the leadership of all three firms, the Summit also included panelists (both local partners and international energy companies) to discuss topics ranging from the Upstream, to Equipment and Services, to Midstream / Downstream and Infrastructure.

Carlos Roa, Pemex Chief of Staff, remarked, "Pemex is very pleased to have been able to bring such a targeted global spotlight to the investment opportunity in Mexico. Working together with both our local industry and these international leaders, we hope to continue to benefit the Mexican economy and bring prosperity to Mexican industry."

William Macaulay, Chairman and Co-CEO of First Reserve, commented, "First Reserve remains excited to expand our existing portfolio in Mexico as we work together with Pemex and other Mexican partners on a variety of investment opportunities. As global investors with a network of relationships extending throughout the energy subsectors, we believe the Summit is a strong representation of the expertise and reach of the First Reserve brand."

"What's happening in Mexico is revolutionary....and is a bright spot in a world where governments all too often are going the wrong way in encouraging oil and gas investment and development," noted Maynard Holt, Co-President of TPH. "We have multiple assignments in Mexico today and are very excited for the potential that exists in a US/Canada/Mexico energy partnership. The US resource boom could and should become a North American boom --something that is exciting for jobs, security, stability, living standards and the growth and reliability of the world's energy supply. These are very exciting times and we greatly appreciate all those who could participate in the conference."

About First Reserve
First Reserve is the largest global private equity and infrastructure investment firm exclusively focused on energy. With over 30 years of industry insight, investment expertise and operational excellence, the Firm has cultivated an enduring network of global relationships and raised more than USD $30 billion of aggregate capital since inception. Putting these to work, First Reserve has completed more than 550 transactions (including platform investments and add-on acquisitions) on six continents. Its portfolio companies span the energy spectrum from upstream oil and gas to midstream and downstream, including resources, equipment and services and infrastructure. Visit us at www.firstreserve.com for more information.

About Tudor, Pickering, Holt & Co
Tudor, Pickering, Holt & Co. is an integrated energy investment and merchant bank with offices in five cities in North America and UK. In addition to providing advisory and underwriting services, the company has more than $1 billion of energy assets under management. Additional information on the firm can be found at www.TPHco.com

SOURCE First Reserve