"Mexico Oil Watchdog Sounds Alarm"

"Mexico's oil regulator is sounding an alarm over plans by the country's state oil monopoly to drill two ultra-deep-water wells near U.S. waters this year, saying neither the company nor his commission is prepared to handle a serious accident or oil spill there.

The regulator's chief, Juan Carlos Zepeda, said Petróleos Mexicanos has relatively little experience with deep-water drilling, much less with the ultra-deep wells—those at depths exceeding 6,000 feet—that it could tackle as soon as next month. Pemex plans to drill as many as six deep-water wells this year, including the two ultra-deep wells ...."

Ángel González and Laurence Iliff report for the Wall St. Journal February 15, 2012.
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Wednesday, February 15, 2012