Belize, Belize oil and gas, Brazil, Brazil oil and gas, canada news, Columbia, Columbia oil and gas, Guatemala, Guatemala oil and gas, Guyana, Guyana oiland gas, mexico, mexico economy, Mexico Energy Reform, Mexico Oil, Mexico Oil and Gas, oil mexico, Pacific Rubiales, Pemex, Peru, Peru oil and gas
REUTERS TORONTO CANADA NEWS;
TORONTO – Pacific Rubiales Energy Corp. (TSX:PRE.TO – News) said Friday it has signed a three-year deal with Mexico’s state oil company, Petroleos Mexicanos, to explore the potential of future oil and gas and projects.
The memorandum of understanding will include discussions and analysis on a variety of possible projects including exploration, deep-water projects, revitalization of mature fields and other upstream activities.
“We expect Mexico will be a significant driver of future growth for Pacific Rubiales and are committed to further advancing our plans in the country,” Pacific Rubiales chief executive Ronald Pantin said.
Toronto-based Pacific Rubiales is a producer of natural gas and crude oil and has operations in Columbia, Peru, Guatemala, Brazil, Guyana, Belize and Papua New Guinea.