Pemex revises reserve figures

The nation has proven reserves of 15.51 billion barrels of oil equivalent, enough to meet demand into 2016, state-run petroleum giant Pemex said Monday.

The proven reserves are 955 million barrels less than reported in 2005.


The new figure supposes “that over time there will be no new discoveries nor reclassifications of reserves, and is consequently a conservative indicator and only projects their evolution under current conditions,” the deputy director of planning and evaluation of Pemex Exploration and Production, Vinicio Suro, said during a conference call.

Mexico