Mexico to offer farm-out on deep water field
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