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JoeSmith

07/20/08 2:41 PM

#72123 RE: littlejohn #72121

Is the Bay of Campeche in Mexican waters? I believe Mexico's constitution does not allow foreign companies to drill in their water. Trueheart is quite knowledgeable on the drilling situation in Mexico, I bet he can enlighten us.
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Trueheart

07/21/08 8:32 AM

#72134 RE: littlejohn #72121

Littlejohn, the Bay of Campeche is 100% Mexican water, and is the site of the massive but declining Canterelli field. It is owned and operated by Pemex, Mexico's government O&G company.

I will check to see if there are any foreign companies helping Pemex in the bay.

Mexico Constitutionally cannot have a percentage participant in its oil production.

Trueheart