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Mexico’s Pemex: 2 new wells have 180 million barrels 3P oil

MEXICO CITY (AP) — Mexico’s state-owned oil company says two wells in shallow Gulf of Mexico waters have found about 180 million barrels of proven, probable and possible oil and gas reserves.

The Manik well is about 52 miles (85 kilometers) offshore, and the Mulach is about 11 miles (17 kilometers) offshore.

In April, Manik found two separate reserves, and Mulach found five oil pockets.

The Pemex oil company said Tuesday four other shallow-water fields discovered between 2011 and 2016 will enter production soon.

The Kinbe and Koban fields hold about 325 million barrels of 3P reserves, and the Xikin and Esah fields hold 360 million barrels.

Pemex’s production dropped to 1.88 million barrels per day in the first half of 2018, down from 3.4 million barrels per day in 2005.

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