Statoil May Consider Pemex Partnerships in Deep Waters, VP Says
- Producer will evaluate farm-out contracts with Mexican company
- Olso-based Statoil needs to know more about the process first
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Statoil ASA may seek to partner with Petroleos Mexicanos in Mexico’s deepwater fields as the producer looks to gain a foothold in the country’s recently opened energy market.
“We see opportunities to bid on deepwater farm-out agreements with Pemex if the terms and conditions are right," said Tore Loseth, vice president of Statoil Exploration in the U.S. and Mexico, on the sidelines of an oil conference in Monterrey on June 10. "But we need to know more about how the process will run before we can properly evaluate these.”