The Singapore-yard group signed a memorandum of understanding with Pemex to develop, own and operate a yard in Mexico. Pemex and Keppel will form a joint venture to develop the yard to be located the Port of Altamira along the coast of the Gulf of Mexico.
A total of $400m will be invested in the yard, with an estimated $150m in the first phase.
The yard will initially build six jack-up rigs Pemex.
“By partnering with the world's leading rig builder Keppel, we are confident that the shipyard will be a success and help to provide a wide array of solutions for the production of oil and gas,” said Emilio Lozoya, ceo of Pemex.
“Mexico's proven reserves of oil and gas at the start of 2013 is almost 14 billion barrels of crude-oil equivalent and we believe that a significant number of shallow water and deepwater drilling rigs as well as FPSOs and FLNGs will be required to maximise production in the years to come."
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