Mexico could pump 250,000 bpd from Tamil

MEXICO CITY (Reuters) – A complex of four oil fields anchored by the deepwater Tamil discovery in the Gulf of Mexico could eventually produce up to 250,000 barrels per day of oil, a senior executive of Mexican state oil company Pemex said on Friday.

The Tamil find, Mexico’s first commercial oil discovery in the deep waters of the Gulf of Mexico, would also be one of the biggest in the Gulf. BP Plc’s (BP.L) Thunder Horse field, currently the largest Gulf producer, is rated at a maximum capacity of 250,000 bpd.

Morales downplayed the impact of the discovery, however, noting that Pemex has to make multiple major discoveries to keep its head above water as its older fields decline.

“We’re not pretending that we have a giant reserve that is changing our lives,” Pemex exploration and production chief Carlos Morales told the Reuters Latin American Investment Summit.

Reuters