Mexico plans deep water drilling in Gulf of Mexico

Two years after the worst offshore oil spill in U.S. history, Mexico’s state oil company is about to test its hand at drilling at extraordinary depths in the Gulf of Mexico. If all goes as planned, Petroleos de Mexico, known as Pemex, will deploy two state-of-the-art drilling platforms in May to an area just south of the maritime boundary with the United States. One rig will sink a well in 9,514 feet of water, while another will drill in 8,316 feet of water, then deeper into the substrata. Read Article