Pemex has announced two new shallow-water discoveries in the Gulf of Mexico that could add up to 40,000 barrels a day to the company’s output.
The announcement was made by the state-owned company’s chief executive Emilio Lozoya at a visit to a refinery earlier this week.
Pemex said it will also invest $23billion in the region’s six refineries to enhance clean gasoline production and improve residue utilisation.
Lozoya said: “We had an oil discovery cost of $2 per barrel and a commercial success superior to 40 percent, all during a complex year.”
Earlier this year the company made another find in shallow waters off the Gulf of Mexico this year.
Overall crude output from the company is expected to decline for an 11th consecutive time this year.
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