PEMEX hopes to attract its first consortium of international majors,  for Trion farm out
As Mexico continues the privatization of its oil and gas sector, state-run PEMEX is seeking international oil majors to help develop the country’s more technically challenging offshore assets. Among the first that PEMEX is looking to develop in cooperation with other companies is the Trion light oil field in the Perdido Fold Belt at a depth of 2,500 meters (about 8,200 feet).

The term of the joint operating agreement (JOA) contract will be 35 years from...

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