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Australia’s Woodside Energy to develop deep water oil field with Pemex

Mexico City, Mexico — Woodside Energy, an Australian petroleum exploration and production company, is paring up with Pemex to develop a deep water oil field. On Wednesday, Mexico’s President Andrés Manuel López Obrador met with the Executive Director of Woodside Energy, Meg O’Neill.

He reported that Woodside Energy, in association with Pemex, is developing a deep water oil field 180 kilometers east of Matamoros, Tamaulipas. He reported an investment of $11.6 million dollars to produce, starting in 2028, 110,000 barrels of crude oil per day and 90 million cubic feet of gas.

“We are in the energy transition, but it will still be necessary in two or three decades to use hydrocarbons rationally,” the president explained in the publication.

The Executive Director of Woodside Energy, Meg O’Neill met with Mexico’s President Andrés Manuel López Obrador.
Photo: AMLO October 4, 2023.

The meeting was attended by the Government of Mexico the Secretaries of Energy, Rocío Nahle García and the Secretaries of Economy, Raquel Buenrostro Sánchez as well as the General Director of Pemex, Octavio Romero Oropeza.

The Corporate Director of Administration and Services of Pemex, Marcos Herrería Alamina, the Director of Pemex Exploration and Production, Ángel Cid, as well as the Deputy Director of Exploration and Production, Jesús Rojas Palma and the Governor of Tamaulipas, Américo Villareal, were also at the meeting.

The Woodside Energy company delegation was made up of the Executive Vice President of projects, Matthew Ridolfi, the Vice President for Trion, Stephan Drouaud, the General Director and legal representative in Mexico, Timothy Callahan and the Director of Corporate Affairs in Mexico, Alfonso Solis Haces.