Mexico's Pemex announces discovery of 'giant' crude oil deposit

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Mexico's Pemex announces discovery of 'giant' crude oil deposit
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Mexican state oil company Pemex says it has discovered a deposit that could yield 500 million barrels of crude, calling it the largest such finding in more than 30 years

An oil worker with Mexico's state owned oil company, PEMEX , in the Sen oil field, in the swampy south eastern state of Tabasco.

Pemex said it first discovered the field in Tabasco state in May, before beginning studies to evaluate its viability. The site, called Quesqui, is a so-called 3P reserve, made up of deposits considered proven, probable and possible.

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