Cantarell Decline Rates Increasing

Pemex expects oil production from its Cantarell field, its largest oil field, will fall 6% to 1.91 million barrels a day in 2006 compared to 2005 and will keep falling to 1.68Mb/d in 2007 and 1.43M/d in 2008, depending on whether it receives the required investment amounts, the report said.

Poster’s Comments: By my figures that is a 12% decline in 07 and 15% in 08 up from from 6% in this year.