Fresh off a historic tie-up with Australia’s BHP Billiton Plc, Pemex is aiming for more than five additional joint ventures with other major producers over the next two years, the chief executive officer of the Mexican state oil firm said on Monday Dec. 5.
BHP was chosen as Pemex’s partner in its Trion deep water Gulf project earlier on Monday, the first time the ailing Mexican oil firm will jointly share the risks and rewards of a potentially lucrative development, Reuters reported.
Pemex already plans four shallow water and onshore tie-ups next year, and Pemex CEO Jose Antonio Gonzalez Anaya hopes at least five more will follow by 2018.
“We have other fields in deep waters and may be able to do them soon,” he added, declining to specify how soon or which fields.
Hailing the Trion deal as a “milestone” for Mexico, Gonzalez defended the pursuit of costly and difficult deep water projects since the company can now rely on partners that have more experience and more capacity to invest in new developments.
To read complete article click here.
more recommended stories
US and Mexico to create binational commission for the recovery of El Chapo’s assets
The government of Mexico proposed the.
Quintana Roo Congress bans bullfights and cockfights
Any act that involves suffering or.
U.S and Mexico to launch plan against arms smuggling at border
The Mexican government said Monday it.
33 destinations along the coast of Quintana Roo register massive arrival of sargassum
The Sargasso Cancun Monitoring Network reported.
Another exhausted carriage horse collapses, this time in Izamal
The image of a carriage horse.
“Pet of the Year” contest to be held in Mérida
On Friday July 19, registrations to.
Yucatan cenotes to be sanitized with biotechnology
MERIDA, Yucatan (Times Media Mexico) –.
The Mexican Caribbean: 2,000 rooms emptier today than a year ago
CANCUN Quintana Roo (Agencies) – The.
International Monetary Fund cuts growth forecast for Mexico.
AMLO underestimates IMF forecast since, as.
Director Gus Van Sant received the Silver Cross in San Miguel de Allende
“It’s a real pleasure to be.