Mexico City – State-owned oil giant Petroleos Mexicanos, or Pemex, said Monday it found a small field containing light crude in the Gulf of Mexico and initial production was averaging 5,600 barrels per day (bpd) of oil and 9 million cubic feet of natural gas.
The Kinbe-1 well, whose name means "Route of the Sun," is in 22 meters (72 feet) of water about 87 kilometers (54 miles) northwest of Ciudad del Carmen in Campeche state.
The light crude in the well has an American Petroleum Institute, or API, rating of 37, Pemex said, referring to the high quality of the petroleum.
Initial drilling at Kinbe-1 took place in May 2010 and ended on Aug. 9, Pemex said.
The "new discovery increases the petroleum potential of the area made up of the Tsimin, Xux, May and Kab fields in the Marine Light Crude Project," Pemex said.
About 13 percent of the crude produced by Mexico is super light, 31 percent is light and the remaining 56 percent is heavy.
Pemex is the world's third-largest oil producer, with output of 2.55 million bpd.
Campeche Sound is one of Mexico's top oil-producing regions and home to Ku Maloob Zaap, which has been the country's most productive field since 2009, accounting for 32.8 percent of total crude output.
Some 75 percent of Mexico's petroleum comes from onshore fields and 25 percent from offshore areas.
Most of the country's reserves are in deepwater areas in the Gulf of Mexico.