Largest onshore oil discovered in Mexico

Largest onshore oil discovered in Mexico

7:30 AM, 26th November 2012
Largest onshore oil discovered in Mexico

MEXICO CITY, MEXICO: Felipe Calderon, President, Mexico, announced the largest onshore oil discovery in the last ten years: the well Navigator 1, in the geological province of the Southeast basin. The well is located 20 kilometre from Villahermosa, Tabasco, Mexico and was drilled through a special technology design, to a total depth of 6,800 metre, localized light crude of 45 degrees API.

The evaluation of the oil potential in this area of 87 square kilometre allows estimating a 3P reserves at up to 500 million barrels of oil equivalent. Pemex Exploration and Production proceed with the drilling of two bounding locations to confirm the extent of this deposit. Currently under construction is the well discharge line to go into production late next December.

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