Mexico announces new deepwater Gulf of Mexico oil discovery

October 8, 2012
oil rig

MEXICO CITY – Petróleos Mexicanos (Pemex) has discovered a potential new oil field in deepwater Gulf of Mexico, said Mexico’s President Felipe Calderón.

The Supremus 1 well, 250 km (155 mi) offshore Tamaulipas in 2,900 m (9,5134 ft.) water depth, was drilled to 1,100 m (3,609 ft.) below the seafloor.

The well is less than 40 km (25 mi) away from the international maritime boundary between Mexico and the United States.

Calderón said Pemex hopes to confirm new 3P reserves between 75 and 125 MMbbl of oil. If confirmed, Pemex will have doubled its current proven reserves when coupled with the recent Trion 1 discovery.