Pemex confirmed it’s on the hunt for North Sea alliances.
Mexico opening its historically closed off energy frontier has forced the company to modernise its practices and expand its international horizons, according to the firm’s head of procurement Vanessa Aguirre.
“We are ready to go to the deep waters,” she said.
“We have experience in the shallow waters but we are ready for deep.”
Unlike some of its North Sea counterparts, Aguirre added Pemex still had a healthy return rate for current exploration.
She said: “The oil price is affecting all the companies in the world but our costs are $23 per barrel so it’s still a good business for Pemex. It’s still a business for us.”
The firm will focus its efforts on the subsea supply chain.
It recently opened a base in Munich to help foster its international partnerships.
“Germany is neutral territory and we’re finding a lot of good technology there,” she said.
“It is just the start. This isn’t the last word for us over here.”
However, the firm found itself making international headlines for after a fire broke out on Pemex’s Abkatun Permanente processing platform, leaving four dead, dozens injured and three missing.
