The deposit that could contain more than...
Mexican state-run oil company Pemex made its first deep-water oil discovery this month, uncovering a deposit that could contain more than 200 million barrels of crude oil equivalent.
The Nab deposit in the Campeche Sound, Pemex's main oil-producing zone, contains very heavy crude with an API gravity of 9.
Pemex contracted Diamond Offshore Drilling to drill the well at a depth of 681 meters, which produced an initial flow of 1,200 barrels a day.
Pemex estimated that original volume in the deposit could exceed 200 million barrels of crude equivalent, and it said proven, probable and possible reserves are in the process of being evaluated.
