Australian mining giant BHP Billiton and state-owned Mexican oil and gas company Petroleos Mexicanos (Pemex) have signed a memorandum of understanding (MOU) to exchange technical knowledge, information, experiences and practices in activities related to the oil and gas industry.
Upon signing the MOU, BHP Billiton Petroleum and Potash President, Tim Cutt, said the company saw considerable opportunity in Mexico following its recent economic reforms and hoped to expand its drilling and offshore presence in the deepwater region of the Gulf of Mexico.
BHP Billiton's drilling rig, 'Deepwater Invictus', arrived in the Gulf of Mexico in mid-2014.
The company also has considerable design and development experience from building the 'Shenzi' and 'Neptune' platforms in the Gulf of Mexico, as well as the 'Pyrenees' and 'Stybarrow' FPSOs in Australia.
Image Source: MODEC