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Mexico to offer farm-out on deep water field

Monday, June 13, 2016

Mexico's state-owned oil company announced Friday it will offer a farm-out arrangement to private firms to join in the exploration of a deep-water field in the Gulf of Mexico. It would be the first time that Pemex has formed an association with a private firm for deep-water drilling.

Pemex Director Jose Antonio Gonzalez called it "a watershed moment in Pemex's history."

Source: Associated Press