Keppel and Pemex said they will create a special purpose joint venture to handle the investments and business opportunities for the yard.

The memorandum of understanding was signed last week.

“Through our partnership with Pemex, we will be able to tap each other’s technological expertise and know-how to provide comprehensive world-class solutions for the Mexican market,” said Keppel Offshore & Marine chief executive Tong Chong Heong.

The