Mexico reveals significant oil find in Tabasco

Posted on November 29, 2012 • Filed under: Mexico, Oil

The President of Mexico, Felipe Calderon, announced on Sunday that state oil company Petroleos Mexicanos (Pemex) has found a significant oil well. According to the official information is the finding of land crude more significant than has been done in the past decade.

The exploitation of the well could give himself between 50 and 500 million barrels of oil, according to the Mexican newspaper El Universal. The well has been dubbed Navigator 1 and is located in the state of Tabasco, in southeastern Mexico. Read Article

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