Tag: Ixachi wel Pemex Mexico

• Wednesday, November 8th 2017 - 05:06 UTC

  Mexico strikes its biggest onshore oil discovery in 15 years; production should begin in 2019

  

  Mexico’s national oil company Pemex has made its biggest onshore oil discovery in 15 years with a find in the eastern state of Veracruz, President Enrique Peña Nieto announced. Pemex made the discovery by drilling its onshore Ixachi well, near the municipality of Cosamaloapan and the overall field is believed to hold some 350 million barrels of proven, probable and possible reserves.