GE, PEMEX, IMP pen technology cooperation pact

GE Oil & Gas, Mexico’s state-owned oil and gas company Petróleos Mexicanos (PEMEX), and the Mexico Institute of Petroleum (IMP), have signed a technology collaboration agreement focused on the oil and gas sector, with the sponsorship of PEMEX.

 

The agreement, which was signed on April 8, will initially research technologies needed to help PEMEX improve productivity and efficiency in mature onshore fields and to develop deep and ultra-deep water projects. As Mexico implements major energy reforms to expand development of the country’s offshore and onshore oil and gas reserves, while encouraging greater private investment, the new collaboration will help ensure that the technology needed to accomplish these goals is available.

Under the pact, GE will collaborate with IMP—which is a public research organization that provides technical solutions and training to PEMEX—on three specific technology areas at the outset, including:

 

*To improve the efficiency of a mechanical flow device that could offer PEMEX significant recovery rate benefits in hundreds of wells.

*To increase the reliability of downhole equipment in the challenging onshore oil fields operated by PEMEX.

*To develop monitoring and inspection technologies for subsea equipment, allowing PEMEX to develop future deep water projects in a safe and cost effective way.

 

Pemex CEO Lozoya Austin said: “The agreement is signed in the context of the Energy Reform promoted by President Peña Nieto, and will strengthen the competitiveness of PEMEX.” In this regard, he reiterated the institutional commitment to increase investment in human resources and technology.”

“Our technology collaboration agreement with GE Oil & Gas demonstrates our commitment to leverage the best solutions and expertise available to modernize Mexico’s energy infrastructure,” said Vinicio Suro, CEO of IMP. “Energy reform, talent and technology development offer significant opportunities to support PEMEX and Mexico’s economy. Our agreement with GE is an important step forward in this goal.”

“GE is committed to Mexico, technology innovation, and partnering with our customers on research and development,” said João Geraldo Ferreira, President and CEO of GE Oil & Gas Latin America. “By offering a wide array of oil and gas technologies, backed by our global network of research labs, we can help Mexico develop the energy resources and energy workforce needed for the 21st century.”

 

Press Release, April 28, 2014

 

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply