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Mexico's First Independent E&P Scores $525MM in Equity
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Sierra Oil & Gas S. de R.L. de C.V., Mexico's first independent exploration and production company, today announces that it has secured equity commitments of US$525 million.
Sierra, headquartered in Mexico City, is led by Ivan Sandrea, a highly experienced E&P executive with an extensive track record of leadership in energy organizations including Statoil, BP, OPEC and Energy Intelligence. Mr. Sandrea has assembled a team of distinguished professionals from the Mexican and international oil & gas sector, representing over 350 years of experience with direct applicability to Mexico's opportunity set.
The company plans to participate in exploration, development and production optimization opportunities made possible by Mexico's recent energy reform. Additionally Sierra may consider…
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