Mexico hopes for deep water oil production in 2014

Fri, 16 Oct 2009 | Published in Oil

Mexico’s state oil company hopes to start deep-water oil production in the Gulf of Mexico by 2014.

Petroleos Mexicanos official Gustavo Hernandez says the company has found crude oil and gas in some of the 11 wells drilled in deep Gulf waters. He says the company, known as Pemex, hopes to start gas production in 2013.

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