"We are looking forward to expanding rapidly into the onshore and offshore markets in Mexico," Grupo Creatica VP Gerardo del Valle said in a statement.
Grupo Creatica operations include contract drilling services for geothermal fields and E&P in oilfields outside of Mexico.
"[The] well intervention systems are ideally suited for the diverse terrain encountered throughout Mexico and, being self-contained, can reach remote areas of the country," Del Valle said.
The holding company will own 51% of the JV and PEG the remainder, the statement said.
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