Mexico talks on cross-border oil
Mexican Energy Minister Georgina Kessel said Mexico is making diplomatic
contacts to ensure it retains its share of oil in cross-border Gulf of
Mexico fields.
Kessel told Mexican legislators today that the energy reform bill introduced
in April by Mexican President Felipe Calderon calls for giving state-run oil
company Pemex the authority to comply with international accords reached by
the government concerning cross-border production, exploration and
development.
“The Mexican government has initiated diplomatic contacts to take advantage
of the hydrocarbons our country has along the border,” Kessel said,
Bloomberg reported.
The government has raised concerns that companies drilling on the US side of
the Gulf near Mexico's border may extract oil that belongs to Mexico.
San Ramon, California-based Chevron has drilled two wells in its Trident
Field that are less than 6 kilometres (3.7 miles) from the Mexican side of
the Gulf of Mexico, Kessel said during an April 28 presentation.
08 May 2008 20:47 GMT
| last updated:
08 May 2008 20:47 GMT
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