Mexico's state-owned oil company will delay drilling its deepest-ever well in the Gulf of Mexico while it tests new equipment.

Petroleos Mexicanos, known as Pemex, will try out a new exploratory deepwater rig on a prospect that's 700 meters (2,300 feet) deep, Bloomberg News reported. Once the company is satisfied, the rig will be used to drill the 2,600 meter deep Maximino well by April. That's five months later than originally scheduled.

Carlos Morales, the company's director of exploration and production, denied a report that Pemex is performing extra safety checks because of the BP (BP) spill in the Gulf of Mexico.

Pemex is seeking new sources of oil in deep waters to offset falling production at its massive Cantarell field.

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Mexico can drill off their own coast just as Cuba can drill off their coast. We can not stop this - it is called progress. What we can do is help US drilling technology companies to competitively bid on helping the Mexicans and the Spaniards and anyone else planning to drill near our shores to assure that it is done as safely as all of the Gulf of Mexico wells drilled before the Macondo well nightmare. The incompetance of BP at the Deepwater Horizon site is not representative of the entire industry.

August 07 2010 at 2:29 AM Report abuse rate up rate down Reply

What We Need is a International Ban on Deep Water Drilling. Until then, America Needs to Ban All Drilling, By Anyone, in the Gulf. The Government has that Right and it is Time to Assert that Right. We now know the Consequences Of Drilling for Oil in Water and the Serious Disruption it has on the Environments and Economy. There is a Lot of Dry Land we can use for drilling. Those who Push for Drilling in Water have a Long History of being Mess Makers and Leaving Others to Clean it up

August 06 2010 at 10:00 AM Report abuse rate up rate down Reply