Mexican oil company finds new oil deposits in Gulf of Mexico
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MEXICO CITY- Mexico's state-owned oil company has discovered six new oil deposits in the Gulf of Mexico.
Petroleos Mexicanos said in a statement Tuesday that the deposits were found in two areas: deep waters off the coast of the northern state of Tamaulipas and shallow waters off the coast of Veracruz and Tabasco states.
The company says a deep well 135 miles (220 kilometers) off the coast of Tamaulipas found a deposit that could produce 15 million barrels of light crude per day and would have a total reserve of oil equivalent of 140 million to 160 million barrels.
