Officials make case for approval of U.S.-Mexico drilling deal

10/1/2013 |

Failure to implement a deal between the U.S. and Mexico that would allow energy development along the countries' Gulf of Mexico maritime border could affect ties between the neighbors, lawmakers and Obama administration officials said. "[The deal] would provide the legal certainty companies need to invest in ... lease blocks along the boundary and, where appropriate, jointly explore the reservoirs," said U.S. Ambassador to Mexico Carlos Pascual. "It is clear that the industry as a whole would like to look at these prospective areas and determine what's there," said Erik Milito, the American Petroleum Institute's upstream director.

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