MEXICO CITY – Mexicos state-owned oil company Petroleos Mexicanos, or Pemex, has found a second significant crude-oil deposit in the deep waters of the Gulf of Mexico, President Felipe Calderon said Friday.With the new “Supremo” deposit, Pemex expects to book new oil reserves of up to 125 million barrels, using the broadest measurement of proven, probable and possible, or 3P, reserves, Mr. Calderon said at a press conference.

via RIGZONE – Mexico Finds Second Oil Deposit in Deep Waters of Gulf.