Pemex and Statoil set to talk Gulf

Offshore Mexico: Pemex in talks with Statoil on contracts.

Norwegian giant Statoil is set to hold talks with Pemex this week as the Mexican company looks to attract foreign partners to its oil sector.

“I think that Statoil is a big partner for us,” said Carlos Valenzuela, planning and assessment manager for Pemex E&P.

Valenzuela told Upstream that several hours of meetings with Statoil officials were on the agenda during ONS2010.

Discussions were also planned with FMC Technologies, Aker Solutions and other companies, Valanzuela said on the sidelines of the Intsok conference in Stavanger today.

Pemex plans to offer four exploration and production contracts as early as next month and possibly another three by the end of the year, with the initial contracts offered on shallow water and mature projects, with more prospective deep-water blocks to follow.

Bonuses will be paid based on the volume and speed of oil recovered and the safety of the projects, Pemex boss Carlos Morales Gil has said.

Statoil is one of a handful of operators that Pemex may turn to for offshore expertise.

In addition, the list could include supermajors ExxonMobil, Shell, Chevron and others active on the US side of the Gulf of Mexico.

Some information sourced from newswires


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