Wonder How This Will Play Out: Huge Oil Deposit Discovered In Mexico

Jasper and Sardine

Mexico’s Pemex announces discovery of ‘giant’ crude oil deposit

Mexican state oil company Pemex said on Friday it has discovered a deposit in southeastern Mexico that could yield 500 million barrels of crude.

Mexican officials call this discovery the largest such finding in more than 30 years.

Pemex discovers giant crude oil reservoir in Tabasco mexico
Pemex discovers giant crude oil reservoir in Tabasco, Mexico. Picture: Jorge Díaz Serrano – PEMEX.com / Public Domain via Wikipedia

Pemex said it first discovered the field in Tabasco state in May, before beginning studies to evaluate its viability.

The site, called Quesqui, is a so-called 3P reserve, made up of deposits considered proven, probable and possible.

With the analysis of information provided by this well and seismic data in the area, we can confirm today the existence of a giant deposit equivalent to 500 million barrels of crude oil in a 3P reserve,” Pemex Chief Executive Octavio Romero Oropeza said…

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