Friday, July 18, 2025

Pemex triples estimate of Veracruz oil field’s reserves

Pemex has nearly tripled its estimate of the reserves in a recently discovered onshore oil field in Veracruz, making it the biggest discovery in 25 years, a Pemex official said.

The Ixachi field, located 72 kilometers south of the city of Veracruz, was discovered in November last year, when its 3P reserves (proved, probable and possible) were estimated at 366 million boe (barrels of oil equivalent).

But the state oil company said at the time of its discovery that reserves could be larger. Today it revised the figure to more than one billion boe after drilling two new wells.

Source: Milenio (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
Sheinbaum displays a Finabien bank card

Mexicans in US can avoid remittance tax with government Finabien cards, Sheinbaum says

0
The government is also updating consular services for Mexicans in the U.S., eliminating filing fees and allowing online appointment scheduling.
A man stands by an open suitcase in an airport revision area

Foreign national caught with over a million pesos of ketamine in Cancún airport

0
Officials confiscated 2 kilograms of ketamine, a controlled substance in Mexico.
two people walkin gby a for rent sign

Can rent control stop gentrification? Mexico City officials plan to find out

9
Political leaders in the nation's capital have reached into their anti-gentrification toolkit and come up with an approach that goes straight to the heart of the problem.
BETA Version - Powered by Perplexity