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  HOME | Mexico

Pemex Discovers Fields Holding Possible 180 Million Barrels of Crude

MEXICO CITY – State-owned oil giant Petroleos Mexicanos (Pemex) announced on Tuesday seven new crude discoveries in the shallow waters of the Gulf of Mexico, with potential to incorporate 180 million barrels of crude oil to the country’s reserves.

Manik, which holds a potential 80 million barrels, is some 102 kilometers (63.4 miles) from Ciudad del Carmen, in the southern state of Campeche, and was discovered in April 2018 at 4,765 meters (2960.8 feet).

The Mulach field, which has a depth of 3,976 mts (2470.6 ft), is estimated to hold as many as 100 million barrels and is located some 17 km (10.6 mi) from Paraiso, a city in Tabasco state.

Pemex expects to be able to extract between 30,000 and 45,000 barrels per day (bpd) from the fields.

Pemex CEO Carlos Alberto Treviño called the findings “big news” in a press conference, adding that they confirm that the country still has “much oil to be found and extracted” to incorporate into the Aztec nation’s production.

Energy Secretary Pedro Joaquin Coldwell said that the fields are part of the “10 most important shallow-water discoveries of the past 15 years.”

Pemex also announced that Xikin and Esah – which were discovered in 2015 and are expected to yield some 350 million barrels – may start production between 2019 and 2020.

Kinbe and Koban, found in 2011 and 2016, are being assessed as to the amount of oil they contain.

In total, the six fields have as many as 865 million barrels, which should produce between 193,000 and 210,000 bpd of oil.

 

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