VOICED : Pemex se aliara a privadas para explotar aguas profundas

Pemex, the Mexican state oil company, plans to partner with private firms to exploit the Trion oil field in the Gulf of Mexico. The project, announced by Pemex's director José Antonio González, has the potential to produce 480 million barrels of light crude oil. Due to falling oil prices and reduced reserves, Pemex reported losses of $30 billion in 2015, necessitating partnerships to share the $11 billion investment required for Trion. This move is part of Pemex's strategy to become a deep-water oil power. The 2014 energy reform opened Mexico's oil sector to national and foreign investments, ending the state's monopoly since 1938.

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