Brazil Pushes Petrobras-Pemex Partnership for Deepwater Growth

Key Takeaways Brazil proposes Petrobras-Pemex partnership to boost deepwater exploration in the Gulf of Mexico.Pemex output has fallen to half its peak, with limited investment and tech constraints slowing recovery.Petrobras deepwater expertise up to 2,500 meters could unlock reserves and improve efficiency.A strategic partnership between Brazil’s state-run oil giant Petróleo Brasileiro S.A. - Petrobras (PBR) and Mexico’s Pemex has been proposed by Brazilian president Luiz Inacio Lula da Silva, aiming to jo ...