Fox: Deep-Water Oil Find May Top Cantarell

Mexico has made a deep-water oil discovery in the Gulf of Mexico that could be larger than the country’s giant Cantarell offshore field, President Vicente Fox said on Monday.

The oil find is under 950 meters (3,117 feet) of water and a further 4,000 meters (13,120 feet) underground, Fox said in an interview with Dow Jones Newswires. The find will be formally announced Tuesday, he said.
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