Monday, June 30, 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.
dancers in traditional costumes

Profits from this year’s Guelaguetza festival to help Oaxaca rebuild from Hurricane Erick

0
Oaxaca Governor Salomón Jara announced on Friday that all profits from the Guelaguetza festival, the state’s preeminent Indigenous cultural event, will be used to reconstruct regions destroyed by Hurricane Erick.
Tecate forest fires in Baja California

Conafor reports Tecate blaze is 75% contained after 15 days of wildfire

0
The fire, which has now spread to over 16,000 hectares, started on June 16 in the Guadalajara 2 community of Tecate, a municipality of approximately 100,000.

Authorities dismantle multi-state fuel theft network, seizing millions in assets

0
The criminal group mainly stole fuel from pipelines operated by the state oil company Pemex, and operated out of 12 facilities spread out across México state, Hidalgo and Querétaro.