en.Wedoany.com Reported - Petrobras plans to sign a memorandum of understanding with Pemex in June this year. Petrobras CEO Magda Chambriard made it clear that no specific deals have been reached yet, and the two sides are only in the preliminary stage of cooperation discussions.

The expectation for this memorandum began after Magda and a Petrobras delegation visited Mexican President Claudia Sheinbaum at the end of April. Petrobras is evaluating the possibility of exploration and production in deepwater areas on the Mexican side of the Gulf of Mexico, a region with potential for both new project development and revitalization of mature oil fields. The Brazilian federal government supports this cooperation, as previously mentioned publicly by President Lula.

"We expect Pemex CEO Juan Carlos Carpio to visit Brazil this month. At that time, we will sign the initial documents and begin joint studies," Magda told reporters on Friday (12th) at the reopening ceremony of the Edise building, Petrobras' headquarters in downtown Rio de Janeiro.

Magda added that Petrobras is considering cooperation with Pemex not only in exploration and production but also in refining and petrochemicals. "We (Petrobras) are planning this collaboration. Currently, what we plan to sign in June is a memorandum of understanding, outlining multiple areas of cooperation, as well as data and information sharing." Magda stated that before any business activities commence, data must first be reviewed to assess value and calculate the economic returns of potential ventures.

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