Photo by: Bloomberg
PERTH (miningweekly.com) – Mining giant BHP Billiton has executed a memorandum of understanding with Petroleos Mexicanos (Pemex) to exchange oil and gas deep-water expertise.
BHP’s deep-water drilling rig arrived in the Gulf of Mexico in May this year, allowing the miner to rapidly deploy the technology.
“What we can offer is absolute focus as Mexico seeks partners to help develop its enormous petroleum resources. Right now, our global offshore organisation is capable of moving with considerable speed, safety, agility and flexibility,” said BHP petroleum and potash president Tim Cutt.
He told shareholders on Friday that there was considerable opportunity in Mexico, following the recent economic reforms.
“We are pleased to have the opportunity to work with Pemex due to its exceptional capability and experience. We are confident that we are one of the lowest-cost and best drillers in the deep-water Gulf of Mexico,” Cutt said.
He added that the company was looking forward to sharing its technical knowledge and experience with its Mexican partners.