November 25, 2012 / 6:30 PM / 5 years ago

Pemex announces light crude oil discovery in southern Mexico

1 Min Read

MEXICO CITY, Nov 25 (Reuters) - Mexico's state oil monopoly Pemex said on Sunday it had made a new discovery of light crude oil in an onshore well in Southern Mexico.

The oil was found at a depth of 6 kilometers in the "Navegante 1" well in the state of Tabasco. Pemex estimates the reserve contains up to 500 million barrels.

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