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Pemex payoff

MEXICAN state-owned oil company Petroleos Mexicanos has made its first oil discovery in the deepwater Gulf of Mexico.

Noel Dyson

Its Trion 1 well, located 177km from the coast of Tamaulipas, started flowing light crude oil. The well, 39km south of border territory, was drilled to 2500m water depth and 4.5km total depth, including...

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