Monday, February 6, 2012

Mexican giant hits oil in Veracruz


State-owned oil company Pemex has made a hydrocarbons discovery around 61 kilometres off the coast of Tuxpan, in the state of Veracruz on Tuesday. Geologic surveys of the area showed promising signs of oil as well as wet gas at the Puskon-1 well. The well is being drilled in water depths of 647 metres to target possible formations in the Mesozoic structure which is estimated to extend over an area of 20,000 square kilometres.
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