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48 comments on Breaking news: Mexico finds the next Cantarell?

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Dave Cohen on March 14, 2006 - 10:19pm Permalink | Subthread | Parent | Comments top
Hmmm.... We'll see. And it's a lot deeper and harder to produce too, if all this is true. I wouldn't be jumping to any conclusions yet but I'd like more detail about what the trusted "insider" actually said.
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Stuart Staniford on March 14, 2006 - 10:35pm Permalink | Subthread | Parent | Comments top
The quote I gave you is about it. I agree that the omens point away from very near term production of this new find.
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jkissing on March 15, 2006 - 9:07pm Permalink | Subthread | Parent | Comments top
They can't form alliances to develop oil without changing their constitution, which won't happen. They can contract to drillers, but not many deep rigs available, and anyway pemex is starved of funds, both because the state takes it plus vast internal pemex corruption and/or overmanning. My guess is 2015-2020, if then, and assuming the find is real. Mexico output (and, more importantly, exports) will be down substantially by then - maybe if they become an importer they will have the impetus to change their constitution.
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