By: Nadeemy Haded

Mexico has announced the nation's largest oil discovery since 1987 in the Kiske field in the coastal state of Tabasco, on the Gulf of Mexico.

Octavio Romero, president of the state-owned oil company Petrolios Mexicano, said the land area includes proven, potential, and possible reserves of 500 million barrels of crude equivalent.

Romero said that the first well was drilled in Kiske in June, and now produces 4,500 barrels per day.

The 34 km field is slated to contain 11 wells, and to produce 69,000 barrels per day in 2020, 110,000 barrels of oil and 410 million cubic feet of natural gas per day in 2021.

Source Sky News

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