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Mexico, U.S. Extend Ban on Drilling Near Sea Border
 Robert Campbell - Reuters
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June 24, 2010
Mexico City - Mexico and the United States have agreed to extend a moratorium on exploratory oil and gas drilling along their sea border in the Gulf of Mexico for three years, the Mexican government said on Wednesday.
The moratorium, which was due to expire on Jan. 1, 2011, barred drilling on either side of the sea border for 1.4 nautical miles.
The agreement to extend the moratorium came as oil continued to gush from a BP Plc well in the Gulf of Mexico following a blowout and rig explosion on April 20.
The moratorium will now be in place until 2014 and the two governments may agree to further extend the measure in the future, the Mexican government said.
The two countries will also begin talks on a new treaty that will govern the development of any hydrocarbon deposits that cross the sea border.
At present no fields have been shown to cross the border, although the theme was used by Mexico's ruling party to push reforms to its energy legislation in 2008 by highlighting the risk that companies operating from U.S. waters could extract Mexican oil and gas.
(Editing by Walter Bagley)
Mexico, US Seek Pact on Cross-Border Oil Fields
Associated Press
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June 24, 2010
Mexico City - Mexico's foreign ministry says the United States and Mexico plan to negotiate a treaty to regulate the exploitation of any cross-border maritime oil fields.
A Foreign Relations Department statement says no common oil fields have been discovered, but both governments consider it important to have an agreement in place should one be found.
The statement doesn't set a date for negotiations, but says the parties want talks in the near future.
Some Mexican politicians have expressed concern that U.S. oil platforms could drain oil from Mexican reserves that straddle the border under the seafloor in what is called the "straw effect."
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