1 billion barrels of oil have been discovered in the Gulf of Mexico

Article Follows after show promotion

iTunes  Stitcher  RSS  Support This Show  MP3  YouTube  Facebook  Show Notes

  • iSDaily Wednesday – February 21st, 2018 – Episode 033

    On this episode of iSDaily Wednesday with The One True Niz and Paul Gordon, On NewsFire, California's Pro Mass Shooter Law On Skynetter, Getting Road for Robo Army Merica On Liberty Tech, Blockchain Banking Thanks to Amanda [...]The post iSDaily Wednesday – February 21st, 2018 – Episode 033 appeared first on iState. […]

Article Begins:

from http://www.businessinsider.com/premier-oil-discovery-zama-well-mexico-2017-7
About 1 billion barrels of oil have been discovered off Mexico’s coast, amid a glut of global supplies.

Premier Oil, a UK oil and gas company, said Wednesday that its Zama well was the first offshore exploration drilled by a private company in Mexico. Premier Oil partnered with Talos Energy and Sierra Oil & Gas.

The Mexican government in 2013 began constitutional reforms that ended the decades-long monopoly that the state-owned oil company Pemex had held, opening up the industry to foreign investors.

Last week’s discovery capped a big day for Mexico’s oil industry. Italian oil and gas company Eni raised the estimated amount of oil it discovered in March to 1 billion barrels. And, the Mexican government successfully auctioned 21 of 24 onshore oil fields to private companies, according to Bloomberg.

Article Continues After Show Promotion

iTunes  Stitcher  RSS  Support This Show  MP3  YouTube  Facebook  Show Notes

1 billion barrels of oil have been discovered in the Gulf of Mexico

The Mexican government in 2013 began the process of opening up its oil industry to private investors.

Read original article

Facebook Comments

Be the first to comment

Leave a Reply

Your email address will not be published.


*