Expected oil discovery announcement in Mexico taken cautiously amid hurdles

Disir

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Sep 30, 2011
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Mexico is due to announce later this week a sizable oil and gas field in the Tabasco region, but observers doubt the find will be a game changer or if it could be developed at all.

Pemex has made "a big discovery" in Tabasco, the company's CEO Octavio Romero Oropeza said March 14 on public television. Previously, President Andres Manuel Lopez Obrador had briefly mentioned the discovery during his daily press conference.


"It is a large field surrounded by smaller ones that could together hold prospective resources comparable to those found in Ixachi and Quesqui," Romero Oropeza said without giving further details

So, found it but it's costly.
 

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