Home » OVL talks to Pemex for Mexico tie-up

OVL talks to Pemex for Mexico tie-up

Oil & Gas
September 1, 2014September 1, 2014
OVL talks to Pemex for Mexico tie-up
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ONGC Videsh (OVL) is in talks with Petroleos Mexicanos (Pemex), the national oil company of Mexico for a potential tie-up to pick up equity in exploration and production assets in the Latin American nation. Recently, Mexico has opened up its acreages for foreign companies to explore for hydrocarbons after a more than 75-year hiatus. Pemex plans to establish 10 joint ventures in mature, onshore and offshore areas by December 2015, according to the company.

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