Business

Mexican oil dilemma

Published 10:58 AM ET, Tue September 25, 2012
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One of Mexico's three exploration rigs used for finding deep water oil reserves in the Gulf of Mexico Nick Parker/CNN
Mexican oil production has dropped drastically in recent years but it's possible there could be some 29 billion barrels of oil under the Gulf. Nick Parker/CNN
A floating Pemax oil production facility with capacity to store and process about 2 million barrels of oil. The oil is later transferred directly onto tankers. Nick Parker/CNN
The exploration platform is a 20-minute helicopter ride over the Gulf of Mexico. Nick Parker/CNN
One of the massive Supergiants still operating off Mexico in what is currently Mexico's most productive oil field. Nick Parker/CNN