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Oil Giants Eye Jurassic Rocks Off Mexico

Summary by Rigzone
Latin America's two biggest oil companies are betting big on a high-risk effort.

5 Articles

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At 8000 meters underground on the seabed lies a mysterious cape of prey where two companies play everything.Located on the last border of the Gulf of Mexico, this millenary treasure could change the world's energy destiny.

·Buenos Aires, Argentina
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Pemex and Petrobras are committed to a high-risk project to extract a vast reservoir of oil from rocks that have not seen sunlight in 160 million years.

·Mexico
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The battle for the next big oil fields is no longer fought simply in uncharted seas, but deep in time. Off the coast of Mexico, a treasure hunt is leading drillers… Jurassic… Oil: Searching for oil “deep back in time” – A risky gamble in Mexico - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ

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Petrobras and Pemex explore one of the deepest and oldest oil areas in the Gulf of Mexico, with the potential to transform energy production in the region

·Bogota, Colombia
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La República broke the news in Bogota, Colombia on Thursday, August 20, 2026.
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