Proven and probable reserves in the country amounts to 26 billion barrels of oil equivalent, and total reserves are estimated at 44.5 billion barrels. And while on the US side of the Gulf of Mexico, a lot of activities are on, Mexico feels, and rightly so, there is a scope to mimic that in its territorial waters in the Gulf too. But Mexico apparently can?t do it alone. Falling output, the need to arrest nine straight years of output declines and to exploit the unconventional riches of the country, Mexico needed advanced tech**logy, expertise and indeed the financial muscle.
03-31-2014, 03:41 AM
Mexico may seek Aramco expertise in oil development
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