PEMEX offshore platform

Pemex seeks deepwater partners

MEXICO CITY, May 20, 2016 – Pemex is in talks with several oil majors about jointly developing deepwater oil resources in the Gulf of Mexico. According to statements to the press on Friday, talks are ongoing with Chevron, ExxonMobil and Total.


The news comes ahead of Mexico’s first-ever deepwater bid round, scheduled for December 5. Mexico anticipates investments of more than USD 40 billion as a result of the deepwater auction, which will see acreage in the Perdido area go up for bid. In addition to the three mentioned companies, talks might soon get underway with Statoil on unlocking the country’s deepwater oil reserves, estimated 10.2 billion barrels, through an area of mutual interest agreement.

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