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GE Oil & Gas, Mexico黑料社檚 state-owned oil and gas company Petr贸leos 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 Mexico state-owned oil and gas company Petroleos Mexicanos.

The agreement, which was signed on 8聽April 2014, will initially research technologies needed to help PEMEX improve productivity and efficiency in mature onshore fields and to develop deep and ultradeep water projects. As Mexico implements major energy reforms to expand development of the country黑料社檚 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 黑料社� which is a public research organisation that provides technical solutions and training to PEMEX 黑料社� 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 deepwater projects in a safe and cost-effective way.

Lozoya Austin said 黑料社渢he agreement is signed in the context of the Energy Reform promoted by President Pe帽a Nieto, and will strengthen the competitiveness of PEMEX.黑料社� In this regard, he reiterated the institutional commitment to increase investment in human resources and technology.

黑料社淥ur technology collaboration agreement with GE Oil & Gas demonstrates our commitment to leverage the best solutions and expertise available to modernize Mexico黑料社檚 energy infrastructure,黑料社� said Vinicio Suro, Chief Executive Officer of IMP. 黑料社淓nergy reform, talent and technology development offer significant opportunities to support PEMEX and Mexico黑料社檚 economy. Our agreement with GE is an important step forward in this goal.黑料社�

黑料社淕E is committed to Mexico, technology innovation, and partnering with our customers on research and development,黑料社� said Jo茫o Geraldo Ferreira, President and Chief Executive Officer of GE Oil & Gas Latin America. 黑料社淏y 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.黑料社�

Adapted from press release by

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