Deep-water drilling is a test for Mexican oil company Pemex

By Joshua Partlow, January 10, 2014

ABOARD THE CENTENARIO OIL PLATFORM, Gulf of Mexico — More than 3,000 feet below these waves, with a drill bit wider than a human thigh, Mexico is digging for its future.

The gulf is one of the world’s great largely unexplored reservoirs of oil and gas, industry experts say, but the state-run oil monopoly Pemex so far has lacked the money and technical capacity to extract from its deeper waters.

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