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"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Friday, July 17, 2009

Developing "cross-border" gulf of mexico oil deposits

by Robert Pawlowski - Chevron [who used to own Western Refinery in El Paso TX] Energy Technology Co. and Ricardo Fernandez - Fugro Chance de Mexico

"....One issue not adequately addressed by existing frameworks for US-Mexico cross-border relations is the development of fields that truly straddle the border, or fields whose development has the potential for draining hydrocarbons from one side of the border to the other. In this context, it is interesting to note that the 2001 Trident discovery in US waters is only about 3 mi (4.8 km) north of the border.

The energy security of the United States and Mexico are intertwined. ... For 2009, PEMEX has a record investment budget equal to approximately $19.4 billion (roughly double that of recent years)."

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