Petronas signs MOUs with Pemex and YPF


Malaysia's national oil company Petronas has signed agreements Mexico’s Pemex and Argentina’s YPF, thus extending its aspirations for growth in the Americas.

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.

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


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...