Mexican President Felipe Calderon unveiled
Wednesday the country's first major deep-water oil field in the Gulf
of Mexico, with probable reserves of 250-400 million barrels.
"If this parameter is confirmed, the figure amounts to a third of the annual national production of Petroleos Mexicanos (Pemex)," Calderon said at the presidential residence Los Pinos.
The light-crude oilfield lies 39 kilometres south of the maritime border with the United States and 180 kilometres east of the coast of the stat of Tamaulipas.
Mexico's state-owned oil monopolist Pemex had so far only found gas in the area.
Several special guests including the media baron called the world's wealthiest by Forbes magazine - Mexican telecommunications tycoon Carlos Slim - were in attendance when Calderon described the finding as "good news for Mexico."
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