President Claudia Sheinbaum reported that the memorandum signed between Pemex and the Brazilian Petrobras will allow strategic technological cooperation. The objective: explore new deposits in less time and advance in fertilizers and biofuels.
“This is an alliance between the two most important public oil companies in Latin America,” he highlighted in his morning conference.
Petrobras has developed advanced techniques in deep and shallow waters. According to Sheinbaum, they have managed to reduce the initial exploration-to-drilling process from ten years to about three years, or even months in some cases.
The collaboration is not unilateral. Petrobras showed interest in Pemex’s experience in fertilizers. The document, signed on June 23, lays the foundation for future specific agreements. It also contemplates joint projects in the Gulf of Mexico.
In alternative energies, Petrobras is advancing biofuels from biomass and sugar cane. Sheinbaum mentioned shared research on maguey biodiesel, a project that is also being studied in Yucatán.
The agreement opens a window for both companies to share scientific knowledge and reduce operating costs. However, definitions are missing regarding the specific agreements that will derive from this memorandum.




