MEXICO - Mexico discovers 'huge' oil field

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Wednesday, 15 March 2006,

11:44 GMT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mexico

discovers 'huge' oil field

 

 

 

 

 

 

 

 

 

 

Mr Fox's government wants Mexico to maintain

its current output

 

 

 

Mexican

President Vicente Fox has announced the discovery of a new deep-water oil

field, which is believed to contain 10bn barrels of crude.

The field is in the Gulf of Mexico, and Mexico says it could

be bigger than its largest oil field, Cantarell.

Production there is said to have declined sharply in recent

years.

Mr Fox made the announcement as figures showed the country's total oil

reserves had fallen 2% between 2003 and 2005.

Perforation of the well known as Noxal 1, which is

located about 100km (60 miles) from the port of Coatzacoalcos on the coast

of Veracruz state, started in December.

 

 

 

 

 

 

 

 

 

http://news.bbc.co.uk/1/hi/world/americas/4808466.stm

 

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Jorge Angelino

 

 

Rua da Sociedade Filarmónica

Perpétua Azeitonense, 29

2925-598 Azeitão

Portugal

 

 

 

 

jorge.angelino

 

 

 

 

 

 

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