Monday, August 18, 2014

Pemex analyzes int’l partnerships

Pemex analyzes int’l partnerships
Mexican oil giant in talks with about 80 companies
THE NEWS
Petróleos Mexicanos (Pemex) has already met with around 80 international companies to discuss the possibility of working together in order to carry out the necessary work to exploit, explore and produce petroleum, especially to tap deep water reserves.
The Director General of Exploration and Production of Pemex (PEP), Gustavo Hernández García, said that representatives from Pemex have been holding meetings with companies like Chevron, Shell, Exxon, British Petroleum, Petrobras, Ecopetrol, Petronas, PetroChina, the National Petroleum Company of Iran, CubaPetroleo, Petróleos de Venezuala and others.
“We have met with about 80 companies and they are all interested,” said Hernández García. “But, we do not share deep water interest with all of these companies. We are interested in finding nothing more than the best way to be successful in deep water drilling, but especially to be successful in the deep waters off the Gulf of Mexico.”
Among the companies with vested interest in deep water drilling and experience in the Gulf of Mexico are the largest players like Shell, British Petroleum, Chevron, Exxon, Statoil and Petrobras. Hernández said that it is possible that associations will materialize with these companies and that Pemex is looking for various alliances.
However, it is the National Hydrocarbon Committee that must make the final decision as to what companies will be partnered with according to the bidding process, although Pemex can make suggestions as to which companies are best suited to exploit the oil in the deep waters of the gulf.
Hernández also said that Pemex has been in contact with Mexican companies to create a stronger and better growth in national industry.


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