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Mexico

Private Firms Confirm Oil Find in Mexico Shallow-Water Well 

The find is one of the largest made in shallow water by a private firm in Mexico

Rigs drilling a relief well and preparing the static kill are shown in the Gulf of Mexico over the Deepwater Horizon well 40 miles from the southern coast of Louisiana, July 31, 2010, photo: Wikimedia
2 weeks ago

MEXICO CITY – A consortium of Mexican and foreign private companies says a well drilled in shallow water has found between 1.4 and 2 billion barrels of crude oil equivalent in the Gulf of Mexico.

Houston, Texas-based Talos Energy LLC says it has a 35 percent interest, along Sierra Oil and Gas and Premier Oil Plc.

Talos said in a statement Wednesday the well started at a depth of 545 feet (166 meters) below the Gulf surface and reached a depth of 11,100 feet (3,383 meters) underground.


It’s one of the largest discoveries made in shallow water by a private firm in Mexico, where private drilling under a concessionary scheme was approved as part of the country’s 2013 oil reforms.

Previously, the state-run oil company had found many shallow-water fields in the Gulf.

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