Mexico's state oil company Pemex and Brazil's Petrobras are teaming up to explore huge oil reserves beneath Campeche Bay in Mexico:
This partnership includes the exchange of technical knowledge and best practices aimed at unlocking vast oil resources that lie beneath thick salt layers:
In 2018, Pemex drilled an exploratory well but it was deemed unproductive:
However, the company is now attempting to explore the area again, and experts believe there may be significant reserves:
If successful in proving resources, it could change Pemex's fortunes, which has struggled with declining production in recent years:
