Petronas and Pemex will explore appropriate mechanisms through which there will be an exchange of experience, knowledge, and best practices for activities related to deepwater projects, mature fields, and heavy and extra-heavy crudes, as well as the possibility to 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 achieving sustainable hydrocarbon development, along with environmental protection in their activities.
Petronas and Pemex also signed a tripartite memorandum of understanding and cooperation with YPF, the Argentinian national oil company, which covers the sharing of experiences and best practices related to exploration and production of oil and gas.
The tripartite MOU is an extension of Petronas’ collaboration with YPF in Argentina.