PEMEX Will Adopt Blockchain Based Data Management System

PEMEX, Mexico’s state-owned petroleum company and producer of nearly 2billion barrels per day, has partnered with Petroteq Energy Inc. and their blockchain subsidiary PetroBLOQ to develop an immutable ledger tailored for oil and gas supply chains.

Petrobloq is forming a consortium of #Pemex other large oil producers and industry majors, such as SOCAR, the Azerbaijan and Ukraine oil producing co-op.

Petroteq has a proven track record in using advance technology to produce hydrocarbons in unconventional tight-sand and shale plays.

Leave a comment

Please note, comments must be approved before they are published