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GasBuddy News Article

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Mexico makes large offshore oil find

Fox News -- Mexican state-owned oil giant Petroleos Mexicanos, or Pemex, has made a large deep-water light crude discovery in the Gulf of Mexico off the coast of the northeastern state of Tamaulipas, President Felipe Calderon said Wednesday.

Calderon did not quantify how much the Trion 1 exploration well might produce but Pemex sources say they expect to certify 350 million barrels of crude from the find and that total reserves at deposits in Mexico's Perdido Fold Belt - where the discovery was made - could amount to as much as 10 billion barrels.

The oil discovery - which was made with the Bicentenario rig and is the first in Mexico's deep-water region - is an "important achievement" that "further strengthens" Pemex, Calderon said in a ceremony at the Los Pinos presidential residence.



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Submitted Aug 30, 2012 By: BurntOrange
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Mexico makes large offshore oil find Back to Topics
REPLIES (newest first) Post a Reply
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gabfiore
Sophomore Author San Diego

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Message Posted: Sep 1, 2012 3:44:37 PM

I hope this is good news for us folks locally in San Diego...after all, we are neighbors! No matter where we live, we all need some relief, and once prices become more 'tolerable' there may be more useage at the pumps. Perhaps...
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Soglaos
Champion Author Virginia Beach

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Message Posted: Sep 1, 2012 2:57:12 PM

Repeat Thank you
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milespergallon
Champion Author Illinois

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Message Posted: Aug 31, 2012 7:12:41 PM

ok
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MusicalMan7
All-Star Author Ohio

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Message Posted: Aug 31, 2012 1:09:02 PM

Well, bully for them. Maybe they'll ship us some cheap, seeing as how we're NAFTA neighbors and all.
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bikerchicklette
Champion Author Washington

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Message Posted: Aug 31, 2012 7:44:11 AM

ok
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1006
Champion Author Birmingham

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Message Posted: Aug 31, 2012 4:42:58 AM

the mexican prices are too high, our refiners would rather buy from canada - cheaper & better, just cannot get here (no pipeline)
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miiike572
All-Star Author Phoenix

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Message Posted: Aug 30, 2012 8:40:02 PM

I wonder if Barry will give them a large sum of taxpayer money so they can turn around and sell the oil to us at our expense.
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me2002
All-Star Author Toledo

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Message Posted: Aug 30, 2012 8:36:35 PM

Nice for them. Just wait til we have to pay to clean up their mess.
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kellyoneal
Champion Author Louisville

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Message Posted: Aug 30, 2012 8:34:26 PM

Ok
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DEG
Champion Author Las Vegas

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Message Posted: Aug 30, 2012 8:33:36 PM

Too bad that the tree-huggers and the Obama administration have done their best to hinder the US oil exploration and developments.
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Quick68
Champion Author Columbus

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Message Posted: Aug 30, 2012 8:30:43 PM

All the world is making oil finds but the US.
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goldrose1
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Message Posted: Aug 30, 2012 8:28:30 PM

yeah!
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bonzoonfmb
Champion Author Florida

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Message Posted: Aug 30, 2012 8:24:26 PM

Just keep your petroleum off from my beaches.
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unicornIL
All-Star Author Chicago

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Message Posted: Aug 30, 2012 8:23:27 PM

ok
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carman11
Champion Author North Carolina

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Message Posted: Aug 30, 2012 8:22:17 PM

OK
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urban_dweller
Champion Author Orlando

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Message Posted: Aug 30, 2012 8:21:33 PM

Texasvet, mexico has ZERO experience in deep-water production, and their Constitution doesn't allow foreign partnerships. Don't hold your breath.
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knot2swift
Champion Author Calgary

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Message Posted: Aug 30, 2012 8:14:18 PM

Let's put some things in prospective....

The world is consuming a bit over 75 million barrels a day of oil PERIOD!

The well that is producing 350 million barrels (certified) will will keep the world supplied for at more than 4 1/2 days all by itself.

Meanwhile boasting of a 10 billion barrel potential in the region ( if true) will keep the world happy for a whole 133 1/3 days all by itself. Less than a third of a year!

Finds these day are really getting small. There is trillions of barrels in the US mid west but it's all trapped in shale deposits. Now there's some to " Friggin Frac About" when it comes to real news.
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DABEE1073
Champion Author San Diego

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Message Posted: Aug 30, 2012 8:13:46 PM

THANK YOU TO ALL OF YOU MORONS THAT VOTED FOR obummer. FIRE THE BUM IN NOVEMBER. CLEAN HOUSE IN WASHINGTON. VOTE SMART.
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TJC47
Champion Author Indianapolis

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Message Posted: Aug 30, 2012 8:11:39 PM

Let's tap into it!
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texasvet
Champion Author Texas

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Message Posted: Aug 30, 2012 8:08:22 PM

Well, Mexico allows deep water exploration. Obama doesn't approve of it.
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76chevy
Champion Author Toledo

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Message Posted: Aug 30, 2012 8:05:32 PM

If only we had a good president, we would have more oil from the gulf.
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ericbcire
Champion Author Nevada

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Message Posted: Aug 30, 2012 8:04:01 PM

Good for them
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jimedB
Champion Author Riverside

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Message Posted: Aug 30, 2012 8:03:01 PM

If we had made this kind of find drilling would not be allowed. Get it out while you can.
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Rayman71
Champion Author Ontario

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Message Posted: Aug 30, 2012 8:01:40 PM

very nice...too bad it's in deep water....
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ican2step
Champion Author Pittsburgh

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Message Posted: Aug 30, 2012 8:01:05 PM

Congrats neighbor.
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drobbbb
Champion Author Maryland

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Message Posted: Aug 30, 2012 8:00:47 PM

good
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RevDrCBJ
Veteran Author Ann Arbor

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Message Posted: Aug 30, 2012 8:00:22 PM

Glad for the potential wealth for the country
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jodybull
All-Star Author El Paso

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Message Posted: Aug 30, 2012 8:00:13 PM

Maybe the cartels should start killing their citizens by the thousands for oil instead of the lucrative drugs' gateways into the U.S.
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30mpg80
Champion Author Lexington

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Message Posted: Aug 30, 2012 7:59:52 PM

Good for them, but unfortunate that it is below deep water
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petrpuck
All-Star Author Hamilton

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Message Posted: Aug 30, 2012 7:59:41 PM

Si Senor
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WIPACKERFAN
Champion Author Chicago

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Message Posted: Aug 30, 2012 7:55:58 PM

OK
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visitor_2
Champion Author Orlando

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Message Posted: Aug 30, 2012 7:53:06 PM

could have been the US thanks Prez
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gass12
Champion Author Omaha

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Message Posted: Aug 30, 2012 7:52:54 PM

They need it.
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nightworker998
Champion Author Maryland

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Message Posted: Aug 30, 2012 7:51:57 PM

Do we see another BP disaster in our future?
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DrLyon
Champion Author Michigan

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Message Posted: Aug 30, 2012 7:51:55 PM

Keep going...
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Bonito
Champion Author Dayton

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Message Posted: Aug 30, 2012 7:50:00 PM

GOOD for them!
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GoneUpAgain
Champion Author Atlanta

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Message Posted: Aug 30, 2012 7:48:24 PM

@TxRyder - Americans can't afford to work for $5/day.
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Ayeghoti
Champion Author Michigan

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Message Posted: Aug 30, 2012 7:48:21 PM

ok
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Lugi1967
Champion Author Ohio

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Message Posted: Aug 30, 2012 7:47:09 PM

Woww great find
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hammer219115
Veteran Author Pennsylvania

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Message Posted: Aug 30, 2012 7:45:28 PM

Hmmmm
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TXryder
Champion Author Texas

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Message Posted: Aug 30, 2012 7:44:26 PM

Maybe some of the U.S. unemployed can swim over there and get a job as illegal alien.
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heysailor
Champion Author Pittsburgh

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Message Posted: Aug 30, 2012 7:42:20 PM

Good news
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IUVidiot
Champion Author Indiana

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Message Posted: Aug 30, 2012 7:41:51 PM

Maybe they will share
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scubadaniel
Champion Author Dayton

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Message Posted: Aug 30, 2012 7:39:18 PM

Our administration will probably give a couple billion of our money to develop the find. Meanwhile, they hold up drilling here..
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davenles
Champion Author Texas

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Message Posted: Aug 30, 2012 7:39:16 PM

Maybe it can replace some of the light crude from Venezuela.
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sneadmd
Sophomore Author Dayton

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Message Posted: Aug 30, 2012 7:39:06 PM

Interesting
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NGEFE
All-Star Author Provo

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Message Posted: Aug 30, 2012 7:29:42 PM

Yeah - just imagine what is under all that!!!
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sammy518
Champion Author Austin

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Message Posted: Aug 30, 2012 7:27:34 PM

and the rich government officials get richer while their citizens live in cardboard and tin lean-too's
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darkknight1
Champion Author Winston-Salem

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Message Posted: Aug 30, 2012 7:27:17 PM

So does that mean there will be a migration back to Mexico?
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200porter
Champion Author Toronto

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Message Posted: Aug 30, 2012 7:27:17 PM

Good for them.
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