Pemex makes Mexico’s biggest onshore oil find in 15 years: president

4 Nov 2017   Mexico

Mexico’s national oil company Pemex has made its biggest onshore oil discovery in fifteen years with a find in the eastern state of Veracruz, President Enrique Pena Nieto said on Friday. Tanker trucks of state-owned company Petroleos Mexicanos (PEMEX) are seen in Ciudad Juarez, Mexico October 4, 2017. REUTERS/Jose Luis Gonzalez Pena Nieto said Pemex made the discovery by drilling its onshore Ixachi well, in the municipality of Cosamaloapan, and that the overall field is believed to hold some 350 million barrels of proven, probable and possible reserves. Pena Nieto, who pushed through Congress a sweeping energy reform in 2013 that ended Pemex’ decades-long monopoly, made the announcement at the company’s Tula refinery. He was flanked by his energy minister, Pemex’ chief executive and a range of other government and union officials. The announcement confirmed a Reuters story from earlier on Friday. The onshore field’s […]

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