Mexico’s Proven Oil Reserves Rise to More than 8 bln Barrels

Mexico’s oil regulator said on Tuesday the country’s total proven oil reserves as of Jan. 1 stood at 8.062 billion barrels of oil equivalent (boe), up 2.1% from a year earlier.

Oil reserves as of the beginning of 2019 totaled 7.897 billion boe.

Proven oil reserves are certified discoveries containing a combination of liquid and gaseous hydrocarbons that can be expected to be produced once a development plan has been started.

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