PEMEX AND BHP BILLITON SIGN THE LICENSE AGREEMENT FOR THE DEVELOPMENT OF THE DEEP-WATER TRION BLOCK
- It is the first association for exploration and production farm out project carried out by Pemex.
- Pemex continues aligning its operation with international best practices.
Petróleos Mexicanos and the Australian company BHP Billiton signed the license agreement for the development of the deep-water Trion Block during an event hosted by the President of Mexico, Enrique Peña Nieto.
It is the first association for exploration and production farm out project that Pemex carries out in its history, taking advantage of the mechanisms and flexibility granted by the Energy Reform. The Trion Block, discovered by Pemex in 2012, has 3P total reserves for 485 million barrels of crude oil equivalent, so there is certainty about its commercial viability.
BHP Billiton is the largest oil company in the world, with more than 150 years of history and presence in 12 countries. It has successfully developed wells on the US side of the Gulf of Mexico and has one of the lowest accident rates in the industry.
Source: Petróleos Mexicanos /
