Mexico
Recent discoveries in the Gulf of Mexico prove an interesting situation. The recent Tiber discovery by BP illustrates that various geologic shelf structures in the Gulf once thought to be dormant contain considerable development potential. Another discovery by McMoRan in the shallow waters of the Gulf of Mexico illustrates the opportunities right in the backyard of both the United States and Mexico. This is a wake-up for call for both the United States and Mexico seeking exploration opportunities.
On the Mexican side of the Gulf of Mexico, the Cantarell crude oil basin is in its natural decline. In 1999, Mexico was producing 3.3 mmbpd of crude oil. Today, state-owned Mexican oil company Petróleos Mexicanos (PEMEX) is producing approximately ...
Get Investing in Energy: A Primer on the Economics of the Energy Industry now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
