Friday, April 25, 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.
An ambulance pulls up to a hospital

Christus Health breaks ground on US $100M hospital in Los Cabos

0
The Baja California Sur medical facility will serve the region’s 350,000 residents, including 23,000 U.S. citizens who live in the area.
A photo of a middle aged woman and a young man

Mother and son from search collective that discovered Teuchitlán ranch murdered in Jalisco

1
It's the second killing this month to hit the Guerreros Buscadores de Jalisco search collective, which uncovered the Teuchitlán "extermination camp."
Telecommunication towers silhouetted at sunset

Telecommunications overhaul sparks free speech concerns

8
After U.S. anti-migrant ads aired on Mexican television, President Sheinbaum introduced a reform that would ban them — and overhaul Mexican telecommunications in the process.