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Title : Peak Oil? What Peak Oil? -- World-Class Formation Discovered Off Mexican Shore -- July 12, 2017
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Peak Oil? What Peak Oil? -- World-Class Formation Discovered Off Mexican Shore -- July 12, 2017

From The Wall Street Journal:

One of Mexico’s earliest private-sector energy investors says that it has struck it big with a significant oil discovery in Mexican waters.

Britain’s Premier Oil PLC, along with partners Talos Energy of Houston and Sierra Oil & Gas of Mexico City, said Wednesday that exploratory drilling in the Zama-1 field, located in the shallow waters of the Gulf of Mexico, had uncovered a “world-class” formation with between 1.4 billion and two billion barrels of light crude oil, or roughly double earlier predictions.

Earlier this year, the group had estimated that there were between 700 million and 800 million barrels in the deposit.

It may be "world-class," but OIP pales in comparison to what the Bakken has.

More at the link.

Also in the Oil & Gas Journal. 

http://ift.tt/2dZyQXu

Thus Article Peak Oil? What Peak Oil? -- World-Class Formation Discovered Off Mexican Shore -- July 12, 2017

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