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Latinnews Daily - 19 October 2017
In brief: Mexico
* Mexico’s national hydrocarbons commission (CNH) has granted state-owned oil company Pemex permission to drill the first exploratory well in the pre-salt area of the Gulf of Mexico. The Yaaxtaab-1 well is located 95km away from Ciudad del Carmen in the south-eastern state of Campeche. Exploring the area will pose “an important technical challenge” since the reserve is 7,800m below sea level and lies below of thick salt layer said the CNH via Twitter. Mexico hopes to benefit from tapping its pre-salt reserves after this type of exploration boosted oil production in countries such as Brazil and Angola.
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