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Mexican Oil Production Falling

The Oil and Gas Journal of 11/26/07 reports that: “Production of crude oil in Mexico’s main oilfields – Cantaarell and Ku Maloob Zaap – …is falling due to water and salt seepage into the reservoirs, official documents reveal…The seepage is causing a reduction…equivalent to 84,300 b/d of oil. Pemex said the loss of production …dates back to 2004, and is the natural result of the maturing of these fields…

In September, Pemex produced an average of 1.5 million b/d of oil from Canterell, 15% less than in September, 2006…As recently as November, 2006, output of 415,000 b/d at Ku Maloob Zaap…had been expected to climb to 800,000 b/d by 2010, partly offsetting Cantarell’s decline.”

This entry was posted on Monday, November 26th, 2007 at 2:52 pm and is filed under Mexico, OIL, oil supply. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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