Gas Natural Recovery today announced a potential new oil discovery located in the mid-deep water of the Burgos Basin off Mexico’s East Coast.
Online PR News – 23-July-2020 – DISTRITO FEDERAL/MEXICO CITY – According to preliminary estimates, the potential new discovery could contain between 250 and 300 million barrels of oil. Gas Natural Recovery will send a team of analysts to determine the total depth.
Gas Natural Recovery’s Chief Exploration Officer commented on the potential new discovery saying “We will assess the upper and lower sequences. So far, the reservoirs show excellent petro-physical properties and an intensive data collection will be carried out which will give us an indication of production capacity.”
Gas Natural Recovery’s Chief Exploration Officer also added “Mexico is a mineral rich country and we can only anticipate future growth. With our other projects in Latin America, we are producing on average 13,000 barrels of oil per day. This discovery could be the opening of a potential commercial prospect and we want to get going as soon as possible.”
About Us - Gas Natural Recovery
Gas Natural Recovery is a leading innovator in the Oil & Gas industry maximizing the energy output from exploration and production of hydrocarbons in the Americas. Gas Natural Recovery specializes in developing, testing and producing solutions which capture previously wasted energy through gas capture, conversion and flare systems which can be deployed throughout the Oil & Gas industry.
Gas Natural Recovery’s BioFlares and our NatGas Flares systems are at the leading edge of technological innovation within the Oil & Gas industry. Our integrated energy recovery systems have the ability to revolutionize the industry, redefining the traditional approach to managing gas which results from exploration for oil and through biological release.
Gas Natural Recovery applies a different approach to managing natural gas within the Oil & Gas industry. Unlike many in the industry, we do not believe that traditional burn-off flares are effective in today’s carbon conscious world. The traditional approach has been to burn the gas as an inconvGas Natural Recoveryent by-product of Oil production, which increases wastage and carbon emissions, and in turn reduces the operating margins of many projects. At Gas Natural Recovery, we do not believe that this approach is an acceptable ethical business practice for most Oil & Gas companies in the 21st Century.
At Gas Natural Recovery, we harness the energy reserves contained within gas which is usually burned as wastage. Gas Natural Recovery’s flare systems are designed to work in harmony with our customers’ existing operations, with the capacity to increase production, optimize operations and drastically reduce carbon emissions.