BHP Billiton to Be Pemex's Deep-Water Oil Partner

The transcript discusses Pemex's transition after Mexico's 2013 energy reform, highlighting the significance of a recent auction for foreign investment in the oil and gas sector. The auction is crucial for Mexico's economy, contributing significantly to government income. The CEO of Pemex outlines plans for future investments, emphasizing the shift from exploration to production projects. The transcript concludes with Pemex's achievements, including securing investments from BHP Billiton, and outlines future goals for further investment in the Gulf of Mexico.

What significant change occurred in Mexico's energy industry in 2013?

• Mexico stopped oil production.

• The energy industry was opened to foreign competitors.

• The government nationalized all oil companies.

• Pemex expanded its monopoly.

Why is the auction critical for Mexico's economy?

• It will decrease foreign investments.

• It is expected to increase government income.

• It aims to reduce oil production.

• It will nationalize foreign companies.

Which company from China participated in the auction?

• China National Petroleum Corporation

• Sinopec

• CNOOC

• PetroChina

What was Pemex's first goal in the auction?

• To sell its assets

• To win a bid with BHP Billiton

• To increase oil prices

• To stop foreign investments

Which company did Pemex partner with for the first bid?

• Shell

• BHP Billiton

• Chevron

• ExxonMobil