26th Sep 2014 05:37
MELBOURNE (Alliance News) - Mining giant BHP Billiton Ltd Monday announced that it has signed a memorandum of understanding and cooperation with Mexican state-owned oil group Petroleos Mexicanos, or Pemex, 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 confident that we are one of the lowest cost and best drillers in the deepwater Gulf of Mexico."
BHP Billiton said it can rapidly provide critical offshore capacity. The company's state-of-the-art drilling rig, Deepwater Invictus, arrived in the Gulf of Mexico in May 2014, and features world-class drilling capabilities which can be rapidly deployed together with an experienced drilling team.
The Ccompany 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.
Copyright RTT News/dpa-AFX
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