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Pemex has revealed finding a new crude deposit...perhaps up to 1 billion bbls...in Tabasco state.
Light crude was discovered on-shore...6 kms deep/3.7 miles...at the Navegante 1 site.
The first estimate is 500 million bbls...with up to 1 billion total...recoverable around the site.
Navegante is Pemex's most important land find this decade...and its 3rd major find recently...breaking a long...zero for 22...dry streak.
