BHP Billiton, Pemex to exchange deepwater expertise

BHP Billiton and Petroleos Mexicanos (Pemex) signed a memorandum of understanding and cooperation (MOU) to exchange technical knowledge, information, experiences and practices in activities related to the oil and gas industry.

On signing the MOU, BHP Billiton Petroleum and Potash President Tim Cutt said: “We see considerable opportunity in Mexico following the recent economic reforms, and we are excited about the deepwater and the extension of the Paleogene play into the Perdido play. We are very pleased to have the opportunity to work with Pemex due to its exceptional capability and experience. We look forward to sharing our technical knowledge and experience with our Mexican partners.”

BHP Billiton can rapidly provide critical offshore capacity. The company’s state-of-the-art drilling rig with excellent drilling capabilities, Deepwater Invictus, which arrived in the Gulf of Mexico in May 2014, can be rapidly deployed together with an experienced drilling team. The company also has considerable design and development expertise from building the Shenzi and Neptune platforms in the Gulf of Mexico and the Pyrenees and Stybarrow FPSOs in Australia.

Cutt said: “What we can offer is absolute focus as Mexico seeks partners to help develop its enormous petroleum resources. Our global offshore organisation is capable of moving with considerable speed, safety, agility and flexibility.”

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