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U.S. Oil Company Confirms Big Find in Mexico - Wall Street Journal

MEXICO CITY—One of Mexico’s largest oil discoveries of the last two decades, the Zama field in the shallow waters of the southern Gulf of Mexico, likely contains 670 million barrels of recoverable oil, according to new estimates released by a consortium of drilling companies that owns rights to it.

First production from the find is expected within three years, although investors are concerned that the project could be delayed by negotiations with the Mexican government over the joint development of an adjacent field owned...

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January 08, 2020 at 01:49AM
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U.S. Oil Company Confirms Big Find in Mexico - Wall Street Journal
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