Sydney Jim, CEO of First Titan Corp., said Dec. 29 that the company is looking for partners and opportunities as it considers Mexico’s oil and natural gas sector as part of its value-based acquisitions strategy.

He added that in the coming months and years, Mexico’s importance in the sector will increase. Mexico held three oil and gas auctions in 2015 after earlier opening its domestic oil and gas sector to outside investment for the first time since 1938, the company said.

First Titan is building a competitive portfolio of oil and gas properties alongside companies such as Lucas Energy Inc., Earthstone Energy Inc., Fieldpoint Petroleum Corp. and Evolution Petroleum Corp. (EPM).