Petróleos Mexicanos (Pemex) has received approval from Mexico’s oil regulator, the National Hydrocarbons Commission, to drill two new deepwater wells this year near the maritime border with the United States. The planned wells lie within the Gulf of Mexico’s Perdido Fold Belt, which has been very productive in adjacent US waters. The Vasto-1001 well will be drilled to a 23,717-ft depth and is estimated to hold 203 million BOE of mostly light crude oil. The Nobilis-1 well will be drilled to a 19,619-ft depth and is estimated to hold 161 million BOE of mostly superlight crude oil. The Nobilis well is about 4 miles from the Maximino-1 well, a highly promising Pemex deepwater discovery.