Overview
- Petrobras executive Sylvia Anjos said the companies are running feasibility studies on refining and natural gas, with a Pemex delegation due in Brazil in June to discuss details.
- The potential deal could pair Pemex’s existing fields with new offshore prospects, including ultra-deepwater projects where Petrobras has long technical experience.
- Beyond the June meetings in Brazil, Petrobras plans to send representatives to Mexico to map joint opportunities and scope near-term projects.
- The push follows President Luiz Inácio Lula da Silva’s proposal for an energy alliance earlier this year and President Claudia Sheinbaum’s meetings with Petrobras leadership.
- Petrobras already works in the U.S. Gulf of Mexico through a 20% stake in Murphy Oil-operated blocks off Louisiana, a track record that could guide joint work in Mexican waters.