PEMEX E&P, BP TO SHARE TECHNOLOGICAL INFO ON WELL CAPPING

(The following is a reformatted version of a press release
issued by BP and received via electronic mail. The release was
confirmed by the sender.) 
PEMEX E&P AND BP ANNOUNCE AGREEMENT TO SHARE TECHNOLOGY,
EXPERTISE FOR DEEPWATER WELL CAP 
23 October 2012 
HOUSTON -- Petroleos Mexicanos Exploration and Production (PEMEX
E&P) and BP today announced an agreement for BP to share the
technical information it used to build its global deepwater
well-capping equipment. 
Under the Technology License Agreement, BP will make available
technical information that PEMEX E&P, one of four subsidiaries
of PEMEX, can use, in addition to PEMEX E&P initiatives already
in place, if it decides to build and maintain its own well
capping system for use in Mexican waters of the Gulf of Mexico. 
In addition, BP has agreed to conduct workshops in Houston to
brief PEMEX E&P on the technical information and operational
aspects of the system, as well as to introduce PEMEX E&P
specialists to key vendors and fabricators that BP used to
develop its global deepwater well cap and tooling package. 
“The agreement marks another step forward in PEMEX E&P’s ongoing
efforts to help protect the rich Gulf of Mexico environment in
which we operate, as well as to apply state-of-the-art
technology as we develop Mexico’s deepwater oil and natural gas
resources,” said Carlos Morales, president of PEMEX Exploration
and Production. 
Richard Morrison, BP’s Head of Global Deepwater Response, said
the agreement underscores BP’s commitment to sharing lessons
learned during and following the 2010 Deepwater Horizon accident
and response. 
“Today’s announcement builds on our commitment and the work we
have done -- and continue to do -- to help advance global
deepwater response capabilities around the world,” he said. 
“We are pleased to provide PEMEX E&P with access to our recent
technological innovation and information so that operators in
both the USA and Mexico areas of the Gulf of Mexico can be
equipped to respond to a subsea well control incident in the
Gulf of Mexico.” 
BP’s global deepwater well cap is a 100-ton stack of valves that
can be lowered onto a leaking well to halt the flow. The system
can operate in 10,000 feet of water and is rated to pressures of
15,000 pounds per square inch. Stored in Houston, it can be sent
by heavy-lift aircraft to any country where BP operates in a
matter of days. 
Under the Technology License Agreement, BP will share at no cost
to PEMEX E&P technical information on BP’s capping stack, and
PEMEX E&P has agreed to make any future advancements to this
well-capping technology available at no cost to BP. BP will
retain intellectual property rights, so it can continue to share
the plans with others. 
BP, which has had a presence in Mexico for around 50 years, has
collaborated with PEMEX E&P through a variety of non-commercial
technology, scientific and training mutual cooperation
agreements over the last decade. Those have resulted in hundreds
of workshops, seminars and exchanges to share best practices and
technological expertise. 
Media Contacts: 
PEMEX Press Office, Eduardo Marin: (+52 55) 1944-9135 
BP Press Office, Houston: 281-366-4463, uspress@bp.com 
Additional Information 
PEMEX, the Mexican national petroleum company, is the largest
company of Mexicos and Latin America and the most important
fiscal contributor in Mexico. It is one of the few oil companies
in the world that develops all of the productive chain of the
industry, from exploration and production, refining and
petrochemicals to the distribution and commercialization of all
the products. 
BP is one of the world’s leading integrated oil and gas
companies. With around 80,000 staff worldwide, BP operates or
markets its products in more than 80 countries, providing
customers with fuel for transportation, energy for heat and
light, lubricants, and petrochemical products that are used in
everyday products. 
Further Information:
Name: BP US Press Office
Phone: (281) 366-4463
Email: uspress@bp.com 
(bjh) NY 
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