Petronas signs MOUs extending operations in Americas

Offshore staff

HOUSTONPetronas has signed agreements with Mexico’s PEMEX and Argentina’s YPF, extending its aspirations for growth in the Americas.

With this, Petronas and PEMEX will exchange experience, knowledge, and best practices for activities related to deepwater projects, mature fields, and heavy and extra-heavy crudes. The companies will also jointly develop projects related to natural gas and infrastructure.

The agreement additionally addresses the development of human capital. Both national oil companies are also committed to achieve sustainable hydrocarbon development, as well as environmental protection, in their activities.

Petronas and PEMEX also signed a tripartite MOU with YPF, covering the sharing of experiences and best practices related to exploration and production of oil and gas.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...