Pemex and Brazil’s Petrobras will partner up to boost oil production in the Gulf of Mexico

Pemex and Brazil’s Petrobras signed a Memorandum of Understanding to collaborate on boosting oil production in the Gulf of Mexico, leveraging Petrobras’ pre-salt technology for deep-water extraction. The agreement, valid for two years, covers hydrocarbon exploration, regulatory practices, and industrial transformation, with technical teams sharing geological and operational data to identify production opportunities.