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PEMEX Announces New Discovery in Deep Waters of Gulf of Mexico

LADB Article ID: 78785
Category/Department: Mexico
Date: 2012-10-17
By: Carlos Navarro

The state-run oil company PEMEX has announced the discovery of a large reserve of crude oil in the deep waters of the Gulf of Mexico, a development that adds credibility to the theory that a massive supply of oil exists in the region just south of Mexico’s maritime border with the US. PEMEX discovered the new reserve while conducting tests on the Supremus-1 well, about 250 km east of Matamoros, Tamaulipas state. President Felipe Calderón, who announced the discovery on Oct. 5, said tests indicate the well might contain between 75 million and 125 million barrels of reserves.

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