Mexican oil company finds new oil deposits in Gulf of Mexico
{{#rendered}} {{/rendered}}Mexico's state-owned oil company has discovered six new oil deposits in the Gulf of Mexico.
Petroleos Mexicanos said in a statement Tuesday that the deposits were found in two areas: deep waters off the coast of the northern state of Tamaulipas and shallow waters off the coast of Veracruz and Tabasco states.
The company says a deep well 135 miles (220 kilometers) off the coast of Tamaulipas found a deposit that could produce 15 million barrels of light crude per day and would have a total reserve of oil equivalent of 140 million to 160 million barrels.
{{#rendered}} {{/rendered}}The shallow well found light crude and gas reserves totaling 50 million to 60 million barrels.
In April, Mexico's government announced $4 billion in aid for Pemex, hit by falling oil prices.