Ana Isabel Martinez and Marianna Parraga -Pemex seeks oil projects in Americas -exploration chief

By Ana Isabel Martinez and Marianna Parraga

MEXICO CITY
Petroleumworld 08 10 2017

Mexico's Pemex is looking for oil exploration projects in the United States, Brazil, Colombia and Argentina to diversify its portfolio after a long-waited energy reform, a top executive from the state-run company said on Wednesday.

The company, which has faced strong budget cuts in recent years affecting its main activities, is in talks with Mexico's oil regulators to get a two-year extension for reaching the minimum investment required to develop more than 100 domestic blocks assigned in 2014 as part of the reform.

Story by Ana Isabel Martinez and Marianna Parraga; Editing by Bill Trott from Reuters

reuters.com 09 10 2017

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