Thursday, October 29, 2020

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US consortium finds oil in Mexico

Wednesday, January 8, 2020


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, the Wall Street Journal reports.