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Pemex confirms review of work in Chicontepec region

10/19/2009
By Eric Watkins
Responding to earlier media reports, Mexico's state-owned Petroleos Mexicanos (Pemex) confirmed it is reviewing performance in the Chicontepec oil region, but is not suspending work there."Chicontepec is Mexico's largest hydrocarbon reserve, so it's not a project that we can suddenly turn around and say, 'Hey, I'm not going to do it,'" said Pemex corporate finance director Esteban Levin Balcells.Energy Minister Jordy Herrera echoed those remarks saying that while Mexico is concerned about oil production levels at Chicontepec, "rash decisions" should not be taken on drilling projects there.The remarks by Herrera and Balcells followed earlier media reports citing Juan Ca...
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