Mexico reports huge new oil deposits in Gulf of Mexico Date: Monday, August 30 @ 18:57:20 PDT Topic: Geology; Reserves; Oil Fields
Luis Ramirez, Pemex's director for exploration, said the discovery could double the nation's known crude oil reserves from 48 billion barrels to 102 billion barrels. "Now those are estimate reserves," a Pemex source said. "When they are proven, we will reach the same level as Iran or Iraq."
