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Page added on February 18, 2008

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Energy Secretary Warns USA May Extract Oil From Gulf of Mexico

MEXICO – While expressing confidence that the Congress of the Union will approve the energy reform during the current period of sessions, Energy Secretary Georgina Kessel warned about the possibility that in two years the United States might extract hydrocarbons owned by Mexico at the maritime border in the Gulf of Mexico.


So, she considered it necessary to give Mexican Petroleum [Pemex] the power to use partnership contracts with other companies to explore and develop oil deposits in deep waters.


She said that in two years oil companies operating in the United States will begin to exploit oil deposits on the maritime border with Mexico, so they will be able to take advantage of part of the hydrocarbons in fields located in Mexican waters through the straw effect.


During a television interview, Kessel indicated that to prevent companies from taking advantage of being the first ones to initiate the extraction of hydrocarbons in cross-border oil deposits, international agreements are normally established to divide the resources.


BBC



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