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Premier Oil sees good prospects for Mexico crude

Tuesday, July 21, 2015

Premier Oil, the London-based producer that won rights to explore for Mexico crude last week, sees a “very good indication of oil and gas” in the most coveted of the blocks auctioned.

Premier, which jointly bid with Talos Energy and Sierra Oil & Gas, observed a spot in its seismic studies of block 7 that is “likely to be oil”.

Source: Bloomberg