07 September 2010

MEXICO: Narco-Terrorists Cripple Pemex In Burgos Basin.

LATIMES/ Tracy Wilkinson /
   The kidnapping of 5 Pemex workers in May along with 30 others is terrorizing the oil community and has crippled operations in the Burgos Basin, Mexico's biggest natural gas fields. The Burgos Basin lies across the increasingly violent border state of Tamaulipas, where the Gigante No. 1 plant is located, and into the states of Nuevo Leon and Coahuila. "In the Burgos project, there are areas we cannot access," said Carlos Morales Gil, Pemex's director of exploration. It is estimated that stolen natural gas and delayed gas production have cost Pemex nearly $50 million in just the first five months of this year.