New frontiers

摘要

With Mexico’s historic oil industry opening edging ever closer, oil companies are jostling for position ahead of one of most highly-anticipated upstream rounds in Latin America’s history. Out of the total 113 billion barrels of prospective resources up for grabs, the big-ticket items are likely to be Mexico’s extensive but little-explored deepwater areas in the Gulf of Mexico. Almost a quarter of Mexico’s oil resources, or 27 billion barrels, lie untapped in deep- water plays in the Gulf of Mexico, according to state-run Pemex.