MEXICO CITY - Mexico's state-owned oil company must work with outside firms to boost sagging production and gain access to better equipment, the federal Energy Department and Petroleos Mexicanos said in a report issued Sunday. Pemex particularly needs help tapping deep-water oil reserves in the Gulf of Mexico, where extraction on the U.S. side is changing pressure conditions that could diminish Mexican reserves before they're tapped, according to the report. "While Mexico has only drilled six oil wells in recent years, on the U.S. side of the Gulf of Mexico, 167 wells are drilled each...
photo: WN / marzena
