According to forecasts, volume of oil reserves may reach 350 million barrels.
The President of Mexico, Enrique peña Nieto, announced on 3 November that Pemex found the most important and largest in the last 15 years land oil and associated gas in the Veracruz.
“Initial studies show that the initial reserves estimated at more than 1.5 billion barrels of oil, which could mean the amount of ZR reserves (proven, probable and possible) of 350 million barrels,” − said peña Nieto.
According to him, in a short time on the new field Oxacin-1 can already start mining, and at a lower cost since it is located near existing infrastructure that will allow us to Refine oil in an easier way.
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