Mexico's Pemex announces discovery of 'giant' crude oil deposit

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Mexico's Pemex announces discovery of 'giant' crude oil deposit
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Mexican state oil company Pemex said on Friday it has discovered a deposit in so...

FILE PHOTO: A sign of state-owned company Petroleos Mexicanos is seen at a gas station in Monterrey, Mexico June 17, 2019. REUTERS/Daniel Becerril

Pemex said it first discovered the field in Tabasco state in May, before beginning studies to evaluate its viability. The site, called Quesqui, is a so-called 3P reserve, made up of deposits considered proven, probable and possible.

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