Mexico’s Prospective Resource Growth Expected at Almost 4 Billion Barrels

Mexico’s Energy Minister Pedro Joaquin Coldwell has announced a prospective growth of the country’s resources, up by almost 4 billion barrels of crude equivalent.

MEXICO CITY (Sputnik) – According to the minister, changes made to the 2015-approved plan have allowed to increase the total area of oil fields to be put up for tender in the country by 2 percent and to increase the volume of the country’s prospective reserves by 10 percent.

"With this five-year plan we can go from 38,844 billion to 42,681 billion barrels of crude equivalent of prospective resources," Coldwell wrote on Twitter on Thursday.

Currently, Mexico produces about 2 million barrels of crude a day.