Mexico oil output lowest since November 1995

MEXICO CITY (Reuters) – Mexican oil production fell 9.2 percent in January to its lowest level since November 1995 as output from the aging Cantarell oil field continued to dwindle, state oil company Pemex said on Friday.

Mexico pumped 2.685 million bpd in January, down from 2.957 million bpd the same month a year ago, according to government data.


Cantarell lost its position as Mexico’s largest single oil producer in January to the nearby Ku Maloob Zaap heavy oil complex, Pemex said.

Cantarell pumped 772,000 bpd in January, down from 811,000 bpd in December and down approximately 38 percent from a year ago.

Ku Maloob Zaap produced 787,000 bpd in January.

Reuters