Petrobras will finalize a strategic cooperation agreement with Mexico’s state-owned Pemex this month. Pemex’s CEO will visit Brazil to conclude the final steps of the deal.
The partnership focuses on joint studies for offshore exploration in the Mexican waters of the Gulf of Mexico. This collaboration combines Petrobras’s deepwater expertise with Pemex’s regional acreage.
The deal aims to unlock new reserves and expand Petrobras’s international upstream portfolio. Cooperation may extend to oil production, refining, and petrochemicals.