What are the key areas of strategic cooperation between Petrobras and Pemex as outlined in the memorandum?

The memorandum covers cooperation in oil and gas exploration and development, petrochemicals, fertilizers, refining, natural gas processing, energy efficiency, carbon capture and storage, and low-carbon fuels; specifically including joint evaluation of deepwater and ultra-deepwater blocks, enhanced recovery from mature fields, and exploration of the Gulf of Mexico's pre-salt layer.

Why is the Gulf of Mexico pre-salt layer highlighted as a core target, and what role does Petrobras' technology play?

Petrobras CEO Magda Chambriat identified the Gulf of Mexico pre-salt layer as the core target, noting that massive hydrocarbon resources have been discovered in the U.S. sector and judging the Mexican side to hold similar development potential; she emphasized that Brazil’s mature pre-salt technology can enable efficient extraction there.

Petrobras and Pemex Sign Strategic Cooperation Memorandum

Jun 26, 2026

Brazil's Petrobras and Mexico's Pemex signed an MOU for oil, petrochemical, and fertilizer collaboration, focusing on deepwater resources and low-carbon technologies in the Gulf of Mexico.

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