Woodside, PEMEX sign MOU to explore Gulf of Mexico deepwater hydrocarbons opportunities

Reuters2026/09/03 01:38

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Woodside signed a non-binding MOU with PEMEX to assess deepwater Gulf of Mexico exploration and production opportunities.
Agreement also covers technical knowledge sharing and industry best practices across oil and gas operations.
Trion ultra-deepwater oil project was 64% complete as of June 30, 2026, with first oil targeted for 2028.
Trion forecast capital investment totals USD 7.2 billion, with expected lifetime taxes and royalties to Mexico above USD 10 billion.
Woodside holds a 60% operating stake in Trion; PEMEX holds 40%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Woodside Energy Group Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 202609022138BIZWIRE_USPR_____20260902_BW434604) on September 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Woodside, PEMEX sign MOU to explore Gulf of Mexico deepwater hydrocarbons opportunities

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