Saturday, June 22, 2024

Logo Central America Link

Mexico probes oil riches with help from foreigners

Tuesday, April 21, 2015

An expected wave of international geological firms set to scan Mexico’s oil patch for oil and gas reserves will give the country a clearer picture of its riches, the nation’s top energy regulator said.

In the wake of Mexico opening its energy sector to foreign companies, the National Hydrocarbons Commission has about two dozen companies requesting permission to conduct surface explorations used in the past, giving a clearer picture of the potential reserves.

Source: Wall Street Journal