Gulf of Mexico 1979, the "Ixtoc I" oil platform in the Bay of Campeche suffered a blowout leading to a catastrophic explosion, which resulted in a massive oil spill that continued for nine months before the well was finally capped. This was ranked as the largest oil spill in the Gulf of Mexico until the "Deepwater Horizon" oil spill in 2010. On April 20, 2010, the "Deepwater Horizon" oil platform, located in the Mississippi Canyon about off the Louisiana coast, suffered a catastrophic explosion; it sank a day-and-a-half later. It was in the process of being sealed with cement for temporary abandonment, to
Oil reserves in Mexico these problems, in September 2007, Mexico’s Congress approved reforms including a reduction in the taxes levied on Pemex. Most of Mexico's production decline involves one enormous oil field in the Gulf of Mexico. From 1979 to 2007, Mexico produced most of its oil from the supergiant Cantarell Field, which used to be the second-biggest oil field in the world by production. Because of falling production, in 1997 Pemex started a massive nitrogen injection project to maintain oil flow, which now consumes half the nitrogen produced in the world. As a result of nitrogen injection, production at Cantarell rose from in