The state-run oilgiant’s ambitious $450 billion programme will see it deploy modern jack-ups, install newproduction and compression platforms offshore and lay thousands of kilometresof subsea pipeline.

Speaking at an OTCbreakfast today, Carlos Morales Gil, Pemex’s exploration and productiondirector, said the 15-year plan will play a critical role in lifting oil andgas production and replace at a 100% rate the reserves it consumes each year.Pemex’s