By David Biller?/?Business News Americas
Vote
0 votes
Related content
Companies / Entities
Keywords
Research Reports
Mexico's state oil company Pemex saw production fall in 2011 to 2.55Mb/d from 2.58Mb/d the previous year, according to calculations based on statistics from Pemex's E&P subsidiary PEP.
The country has been fighting to offset the natural decline of its giant Cantarell field that began in 2004. The field's production averaged 449,100b/d in 2011, down from 501,000b/d a year earlier.
Production at Pemex's onshore Chicontepec field increased to 57,000b/d last year from 41,000b/d in 2010.
Pemex has re-evaluated its technical approach to the complex and costly field, which holds some 17Bboe, or nearly 40% of the country's 3P reserves. The NOC applied field laboratories and slowed activity from initial development when billions of dollars went toward drilling contracts with little output to show.
Still, Chicontepec production in December was 65,000b/d, 5,000b/d shy of the Pemex's previously stated 70,000b/d year-end goal.
Meanwhile, Pemex's largest producing project, Ku-Maloob-Zaap, provided record monthly production of 880,000b/d in December, bringing its annual output to 843,500b/d, up slightly on 2010.
Why settle for this one story when you can access all our news? Sign up here for your free 15-day trial.
st.louis cardinals st.louis cardinals drag me to hell alot alot are you afraid of the dark are you afraid of the dark
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.