JOGMEC and Petróleos Mexicanos signed MOU
of technical cooperation and development of human resources
July 28, 2014
Revised on July 30, 2014
Mexico City, 25 July 2014 - Japan Oil, Gas and Metals National Corporation (JOGMEC), Petróleos Mexicanos (PEMEX), and its subsidiaries signed a Memorandum of Understanding (MOU) for bilateral technical cooperation between them.
The MOU was signed by Mr. Emilio Lozoya Austin, CEO of PEMEX, and Mr. Hirobumi Kawano, the President of JOGMEC, in the presence of H. E. Mr. Enrique Peña Nieto, President of Mexico, and H.E. Mr. Shinzo Abe, Prime Minister of Japan.
The MOU covers several areas including the followings;
- Technological joint studies including geological and geophysical studies and evaluation and application of the latest technologies available to provide solutions for challenges in exploration, development and production of crude oil and natural gas;
- Technological joint research and development such as unconventional oil and gas exploration and development;
- Development of human resources through training.
Signing Ceremony of MOU
(back, from left) Mr. Shinzo Abe, Prime Minister of Japan, Mr. Enrique Peña Nieto, President of Mexico
(front, from left) Mr. Hirobumi Kawano, the President of JOGMEC, Mr. Emilio Lozoya Austin, CEO of PEMEX
In December 2013, constitutional amendments to reform the energy sector were published in Mexico. It is expected to open up the market for foreign private companies to bid on oil and gas fields.
The MOU would strengthen relationships between Mexico and Japanese companies including JOGMEC and contribute to promote Japanese companies’ entry into oil and gas businesses in Mexico.
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