30 August 2012

MEXICO : Has Pemex Struck Black Gold With Trion Well?

     Light sweet crude is the petroleum world's gold standard.
     Could be...that Pemex has found some black gold at its new Trion well...in the Gulf's Perdido Belt Field...some 110 miles off the coast of Tamaulipas.
     Maybe...as much as 400 million bbls.
     If verified...this is a huge morale booster for the rapidly declining oil producer...because it is the company's first deep water find (2,500 m/8,500 ft).