{"id":7532,"date":"2017-03-06T21:30:41","date_gmt":"2017-03-07T03:30:41","guid":{"rendered":"http:\/\/nrgibroker.com\/?p=7532"},"modified":"2017-03-06T21:30:41","modified_gmt":"2017-03-07T03:30:41","slug":"bhp-inks-oil-deal-with-pemex-mexico","status":"publish","type":"post","link":"https:\/\/nrgibroker.com\/en\/bhp-inks-oil-deal-with-pemex-mexico\/","title":{"rendered":"BHP inks oil deal with Pemex Mexico"},"content":{"rendered":"<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">BHP Billiton has signed a contract with Pemex Exploration &amp; Production Mexico to finish work on the Trion discovery in the deepwater Gulf of Mexico.<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">BHP secured a 60 per cent interest in the resource in December last year with Pemex retaining the remaining 40 per cent stake.<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">Trion has an estimated recoverable resource of 45Mmboe and, after full appraisal, is set to become one of the top 10 fields discovered in the Gulf of Mexico in the last 10 years.<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">The new agreement includes the delivery of a Minimum Work Program, which consists of drilling one appraisal well, one exploration well and the acquiring additional seismic data.<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">The signing ceremony was held at the Official Residence of the president in Mexico City on Saturday, attended by Mexican president Enrique Pe\u00f1a Nieto, BHP CEO Andrew Mackenzie, and Pemex director general Jos\u00e9 Antonio Gonz\u00e1lez Anaya.<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">Mackenzie said the agreement was an historic moment for Mexico and the start of a new partnership between Pemex and BHP.<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">\u201cIt is an honour to be the first foreign company to partner with the people of Mexico in developing their significant petroleum resources for mutual benefit,\u201d Mackenzie said.<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">Pe\u00f1a Nieto said the partnership with BHP will bring greater development for the country.<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">BHP president operations petroleum said the agreement aligned with the company\u2019s plans to conduct oil exploration and development of deep water oil resources.<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">\u2018\u2018We have a long history as a top operator in the Gulf of Mexico and we are excited to bring our operational expertise to the partnership with Pemex,\u201d Pastor said.<\/span><\/h4>\n<p><a href=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/06\/shutterstock_58214737.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6584\" src=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/06\/shutterstock_58214737.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/06\/shutterstock_58214737.jpg 600w, https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/06\/shutterstock_58214737-300x200.jpg 300w, https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/06\/shutterstock_58214737-450x300.jpg 450w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<h4><\/h4>\n<h4><span lang=\"EN-US\" style=\"font-family: Helvetica; font-size: 14pt;\">Sharon Masige \/<a href=\"https:\/\/www.australianmining.com.au\/news\/bhp-inks-oil-deal-pemex-mexico\/\" target=\"_blank\"> <span class=\"m_4644808320708721889m_6692182733581266205gmail-inline\">Oil&amp;Gas Australian mining<\/span><\/a><\/span><\/h4>\n<h4><span lang=\"EN-US\" style=\"font-family: Helvetica; font-size: 14pt;\">March 6, 2017<\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>BHP Billiton has signed a contract with Pemex Exploration &amp; Production Mexico to finish work on the Trion discovery in the deepwater Gulf of Mexico. BHP secured a 60 per cent interest in the resource in December last year with Pemex retaining the remaining 40 per cent stake. Trion has an estimated recoverable resource of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6585,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1017],"tags":[1038,237,819,232,997],"class_list":["post-7532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bhp-billiton","tag-deepwater","tag-gulf-of-mexico","tag-pemex","tag-trion"],"_links":{"self":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/7532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/comments?post=7532"}],"version-history":[{"count":0,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/7532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media\/6585"}],"wp:attachment":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media?parent=7532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/categories?post=7532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/tags?post=7532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}