BHP Billiton Seeks to Pump Oil From Mexico’s Deep Waters
This article is for subscribers only.
BHP Billiton Ltd. is preparing to join the bidding to develop Mexico’s deep-water oil fields when the nation opens its offshore resources to foreign explorers next year.
The Australian mining company, which has been expanding its oil and natural gas business in North America, has been meeting with Mexican officials and state-owned Petroleos Mexicanos, known as Pemex, to gather data for assessing the best prospects, Tim Cutt, president of BHP’s petroleum and potash division, said in an interview at Bloomberg’s New York headquarters yesterday.