Petroleos Mexicanos and GE sign a memorandum of understanding (MOU) during the framework of the quarterly meeting of the General Electric Executive Council in Crotonville, N.Y.
The agreement demonstrates a framework of joint work between the two companies and includes technological solutions and financing for gas compression, power generation and hydrocarbon production for both offshore and onshore, including deep water systems.
Apart from this, GE will also review opportunities for expansion of its local engineering and manufacturing capabilities, in addition to advertising the implementation of technologies based on the “Industrial Internet” (Internet of things). Furthermore, both the companies will share best practices in the field of training and human resources.
A best example for the successful partnership between GE and Pemex is the modernization of Petroleos Mexicanos’ fertilizer factory located in Coatzacoalcos, which represents a fundamental contribution to the recovery of the fertilizer production in the country from the optimal use of gas in order to reduce dependence on imports. GE will offer a turnkey solution to renew the performance and efficiency.
