Pemex CEO Touts Discovery of Possible Billion-Barrel Field
- New field may contain about 1 billion to 2 billion barrels
- Pemex chief Octavio Romero speaks in interview on Sunday night
Octavio Romero Oropeza
Photographer: Alejandro Cegarra/BloombergThis article is for subscribers only.
Petroleos Mexicanos discovered what’s expected to be a billion-barrel oil field in Tabasco as it aims to reverse a decade and a half of sinking production.
The new field at the southern part of the Gulf of Mexico, when combined with nearby deposits, is similar in size to other billion-barrel discoveries, Pemex Chief Executive Officer Octavio Romero Oropeza said in an interview with Jenaro Villamil, head of Mexico’s state-owned broadcasting system, on Sunday night.