GE Oil & Gas Mexico’s state-owned oil and gas company Petróleos Mexicanos (PEMEX), and the Mexico Institute of Petroleum (IMP), have signed a technology collaboration agreement focused on the oil and gas sector, with the sponsorship of Mexico state-owned oil and gas company Petroleos Mexicanos.

The agreement, which was signed on April 8, will initially research technologies needed to help PEMEX improve productivity and efficiency in mature onshore fields and to develop deep and ultra-deep water projects. As Mexico implements major energy reforms to expand development of the country’s offshore and onshore oil and gas reserves, while encouraging greater private investment, the new collaboration will help ensure that the technology needed to accomplish these goals is available.

Tags: GE Oil & Gas