Mexican state oil firm Pemex [PEMX.UL] said on Tuesday it has made seven new crude discoveries in the shallow waters of the Gulf of Mexico and said it could invest upward of $10 billion to develop six oil and gas fields.
Pemex, which has been struggling with declining output for over a decade, said the seven finds at its Manik and Mulach fields could have proven, probable and possible reserves of 180 million barrels of oil equivalent.
Pemex also said it forecast peak production 210,000 barrels per day (bpd) in the second half of 2020 at its Manik . . .
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