Mexico’s national oil company Pemex has made its biggest onshore oil discovery in 15 years with a find in the eastern state of Veracruz, President Enrique Pena Nieto said on Friday.
Pena Nieto said Pemex made the discovery by drilling its onshore Ixachi well, near the municipality of Cosamaloapan, and that the overall field is believed to hold some 350 million barrels of proven, probable and possible reserves.
Pena Nieto, who pushed through Congress a sweeping energy reform in 2013 that ended Pemex’ decades-long monopoly, made the announcement at the company’s Tula refinery.
He was flanked by . . .
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