Petrobras–Pemex Agreement for Deepwater Exploration and Production Under Discussion
During President Claudia Sheinbaum Pardo’s press conference on June 2, 2026, the President stated that an agreement will be signed with Petrobras, which she described as an expert in deepwater exploration and production. She also noted that the company has specialized technology to determine whether additional oil reserves may exist at greater depths in previously exploited mature fields that currently produce only limited volumes of oil, such as Cantarell.
Source: Presidency of the Republic
