{"id":1563,"date":"2017-11-04T20:34:56","date_gmt":"2017-11-04T21:34:56","guid":{"rendered":"http:\/\/madaresharghi.com\/mexico-announces-biggest-onshore-oil-find-in-15-years\/"},"modified":"2017-11-04T20:34:56","modified_gmt":"2017-11-04T21:34:56","slug":"mexico-announces-biggest-onshore-oil-find-in-15-years","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/mexico-announces-biggest-onshore-oil-find-in-15-years\/","title":{"rendered":"Mexico Announces Biggest Onshore Oil Find in 15 Years"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tMexican President Enrique Pena Nieto said on Friday state oil company Pemex has made a &#8220;major&#8221; oil and gas discovery with an estimated 1.5 billion barrels of crude equivalent, its largest onshore find in 15 years. The new field, dubbed Ixachi-1, is located in the eastern state of Veracruz near Pemex infrastructure, meaning it can be tapped &#8220;relatively soon, and at low costs&#8221;, Pena Nieto was quoted as saying by AFP.<br \/> \tThe estimated volume makes it &#8220;the largest onshore find the company has made in the past 15 years&#8221;, he said to applause from invitees at an event in the central state of Hidalgo.<br \/> \tThe field&#8217;s proven, probable and possible reserves\u2014an estimation of the amount of oil and gas that can be brought to market near-term\u2014are 350 million barrels, the president said.<br \/> \tPemex said the size of the find may prove to be larger and even double. Industry experts urged caution, however.<br \/> \t&#8220;It&#8217;s very early to talk about reserves &#8230; More work needs to be done to see how big it is,&#8221; said Gonzalo Monroy of Mexico City energy consultancy GMEC. But he said any new find is good news for Pemex, Mexico&#8217;s largest company, which has struggled with declining production in recent years.<br \/> \t&#8220;Pemex has discovered there is still considerable exploration potential&#8221; in Mexico, he told AFP. &#8220;That&#8217;s good news for private industry and for the country.&#8221;<br \/> \tMexico enacted a landmark energy reform in 2014 that reopened the oil and gas sector to foreign investors after 76 years of state monopoly, seeking to breathe new life into it.<br \/> \tAs a result, Pemex now faces private competition. It reported a loss of $5.3 billion in the third quarter, as production fell by 12% from the same period of last year, to 1.9 million barrels per day.<\/p>\n<p> \t\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi Mexican President Enrique Pena Nieto said on Friday state oil company Pemex has made a &#8220;major&#8221; oil and gas discovery with an estimated 1.5 billion barrels of crude equivalent, its largest onshore find in 15 years. The new field, dubbed Ixachi-1, is located in the eastern state of Veracruz near Pemex infrastructure, meaning it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[296,118,28,31,159,639,178,56,213,84,95,82,68,22,23,27],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mexico Announces Biggest Onshore Oil Find in 15 Years - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/mexico-announces-biggest-onshore-oil-find-in-15-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mexico Announces Biggest Onshore Oil Find in 15 Years - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi Mexican President Enrique Pena Nieto said on Friday state oil company Pemex has made a &#8220;major&#8221; oil and gas discovery with an estimated 1.5 billion barrels of crude equivalent, its largest onshore find in 15 years. The new field, dubbed Ixachi-1, is located in the eastern state of Veracruz near Pemex infrastructure, meaning it [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/madaresharghi.ir\/en\/mexico-announces-biggest-onshore-oil-find-in-15-years\/\" \/>\n<meta property=\"og:site_name\" content=\"madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-04T21:34:56+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\",\"url\":\"https:\/\/madaresharghi.ir\/en\/\",\"name\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"description\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/madaresharghi.ir\/en\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/mexico-announces-biggest-onshore-oil-find-in-15-years\/#webpage\",\"url\":\"https:\/\/madaresharghi.ir\/en\/mexico-announces-biggest-onshore-oil-find-in-15-years\/\",\"name\":\"Mexico Announces Biggest Onshore Oil Find in 15 Years - madaresharghi | An Analytical Look at Middle Eastern Developments\",\"isPartOf\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\"},\"datePublished\":\"2017-11-04T21:34:56+00:00\",\"dateModified\":\"2017-11-04T21:34:56+00:00\",\"author\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/madaresharghi.ir\/en\/mexico-announces-biggest-onshore-oil-find-in-15-years\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\",\"name\":\"administrator\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/901309319175b0d219e688b01909d220?s=96&d=mm&r=g\",\"caption\":\"administrator\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/1563"}],"collection":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/comments?post=1563"}],"version-history":[{"count":0,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/1563\/revisions"}],"wp:attachment":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/media?parent=1563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/categories?post=1563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/tags?post=1563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}