>>> Reuters <<<
$this->bbcode_second_pass_quote('', '[')b]Mexico could pump 250,000 bpd from Tamil
Fri May 8, 2009

By Robert Campbell

MEXICO CITY (Reuters) - A complex of four oil fields anchored by the deepwater Tamil discovery in the Gulf of Mexico could eventually produce up to 250,000 barrels per day of oil, a senior executive of Mexican state oil company Pemex said on Friday.

The Tamil find, Mexico's first commercial oil discovery in the deep waters of the Gulf of Mexico, would also be one of the biggest in the Gulf. BP Plc's (BP.L) Thunder Horse field, currently the largest Gulf producer, is rated at a maximum capacity of 250,000 bpd.

[...]

The four fields of the Tamil complex could hold between 300 million and 400 million barrels of heavy crude oil, Morales said.

[...]

[OutOfGas]

Mexico will soon be an oil importer. The US might as well invade Mexico and take over as they will all come north when TSHTF.

[TheAntiDoomer]

Once again OF2 post facts and a ignorant doomer spews some silly statement. I'm surprised doomers are not getting tired of getting beat up by OilFinder.

[AirlinePilot]

What are the facts your missing about Cantarell AD??? They have admitted stunning decline rates. If you go back a few years that wasnt supposed to be happening so soon. There is no debate nor lack of proof that Cantarell production is in precipitous decline.

Its not some doomer fantasy, it's fact.

[AirlinePilot]

$this->bbcode_second_pass_quote('OilFinder2', 'M')EXICO CITY (Reuters) - A complex of four oil fields anchored by the deepwater Tamil discovery in the Gulf of Mexico could eventually produce up to 250,000 barrels per day of oil, a senior executive of Mexican state oil company Pemex said on Friday.

[copious.abundance]

$this->bbcode_second_pass_quote('AirlinePilot', 'T')he key issue with Cantarell is when it ceases to be a contributor to Mexico's oil exports. That time may be coming sooner than many folks like to think. I also believe tht this is ne of the contributors to the crude price climb recently.

[copious.abundance]

>>> OGJ <<<
$this->bbcode_second_pass_quote('', '[')b]OTC: Pemex hones deepwater gulf exploration plan
Alan Petzet
Chief Editor-Exploration

HOUSTON, May 6 -- Carlos Morales Gil, Pemex Exploration & Production general director, said Pemex is formulating a plan to ramp up exploration in the deepwater Gulf of Mexico and involve international and national oil companies in the process.

Without discussing specifics, Morales Gil said deepwater participation contracts will be written by mid-2009 that will allow IOCs, NOCs, and service companies to engage in technological collaboration with Pemex and generate value for all involved. Reserves will still belong to Mexico, he noted.

Pemex will put projects out for bids in late summer and award contracts in late 2009 or early 2010, he estimated May 6 at a breakfast at the 2009 Offshore Technology Conference in Houston.

Overall, Pemex has identified 1,703 exploration opportunities, and 93% of them are onshore or in shallow water, Morales Gil said.

Pemex has identified seismic amplitude anomalies in five deepwater areas. From north to south along the coastal bend, they are called the Subsalt belt, Perdido fold belt, Mexican Ridges, Gulf Salt Province, and off Veracruz the Catemaco fold belt.

South of large oil fields on the US side of Perdido, Pemex has "identified structures that might be transborder resources," he said. And it plans to shoot wide azimuth seismic to obtain better images in the Catemaco nonassociated gas province.

Pemex has shot extensive 3D and 2D seismic and drilled eight wells in its Gulf of Mexico deepwater basins in 2000-08, discovering two nonassociated gas fields and two extra-heavy oil fields. One of the gas fields, Lakach, is Mexico's fourth largest, he said.

Deepwater exploratory drilling is to expand northward from Cantarell, and five rigs are to be working by 2012.

[Armageddon]

AP , " but most open minded folks "


When have you become open minded ?

[wisconsin_cur]

$this->bbcode_second_pass_quote('Armageddon', 'A')P , " but most open minded folks "


When have you become open minded ?

[copious.abundance]

>>> Reuters <<<
$this->bbcode_second_pass_quote('', '[')b]New find may add to Mexico's biggest oil field-Pemex
Thu May 21, 2009 5:32am IST

MEXICO CITY, May 20 (Reuters) - An exploration well drilled near the offshore Ku Maloob Zaap heavy oil field, Mexico's most prolific producer, appears to show reserves at the complex that could be more than previously thought, the head of Mexico's state oil company said on Wednesday.

The Tekel-1 well, drilled 6 kilometers away from another well known as Ayatsil, flowed at 6,000 barrels per day when completed in February.

"This well alone brought 100 million barrels of oil equivalent of new reserves and confirmed the extension of the Ayatsil field," Pemex Chief Executive Jesus Reyes Heroles told reporters.

Pemex geologists are planning to drill two more wells nearby later this year to better delineate the Ayatsil field, Reyes Heroles said.

The reserve estimate has not yet been certified by third parties and Pemex is not including the well in its current reserve estimates.

Ayatsil, found last year, is expected to help extend the life of Ku Maloob Zaap, which overtook the Cantarell field as Mexico's most productive oil field this spring.

[...]

[eastbay]

$this->bbcode_second_pass_quote('OilFinder2', '&')gt;>> Reuters <<<
$this->bbcode_second_pass_quote('', '[')b]New find may add to Mexico's biggest oil field-Pemex
Thu May 21, 2009 5:32am IST

MEXICO CITY, May 20 (Reuters) - An exploration well drilled near the offshore Ku Maloob Zaap heavy oil field, Mexico's most prolific producer, appears to show reserves at the complex that could be more than previously thought, the head of Mexico's state oil company said on Wednesday.

The Tekel-1 well, drilled 6 kilometers away from another well known as Ayatsil, flowed at 6,000 barrels per day when completed in February.

"This well alone brought 100 million barrels of oil equivalent of new reserves and confirmed the extension of the Ayatsil field," Pemex Chief Executive Jesus Reyes Heroles told reporters.

Pemex geologists are planning to drill two more wells nearby later this year to better delineate the Ayatsil field, Reyes Heroles said.

The reserve estimate has not yet been certified by third parties and Pemex is not including the well in its current reserve estimates.

Ayatsil, found last year, is expected to help extend the life of Ku Maloob Zaap, which overtook the Cantarell field as Mexico's most productive oil field this spring.

[...]

[dunewalker]

"Ayatsil, found last year, is expected to help extend the life of Ku Maloob Zaap, which overtook the Cantarell field as Mexico's most productive oil field this spring."

Or, it might be said that Cantarell dropped from being Mexico's most productive oil field due to unpredictedly rapid depletion, leaving Ku Maloob Zaap as the most productive field, albeit at a lower level.

[cualcrees]

On a related note:

Mexico oil exports plummet

FTA: "Ku Maloob Zaap, which recently overtook Cantarell as Mexico's biggest producer, yielded a record 814,000 bpd in April, near the maximum 820,000 bpd Pemex thinks it can produce.

Output at Ku Maloob Zaap is expected to begin to decline to 810,000 next year, however."

(emphasis added)

http://www.upstreamonline.com/live/article179174.ece

[stu]

Sell your Doomsteads and put away your rifles.

It's all gonna be ok.

Mexico sees crude output recovering by 2011

$this->bbcode_second_pass_quote('', '&')quot;We've been facing a decline in our most important field, so we are currently working in other areas, particularly at Chicontepec, to make up for that," Kessel said. "Cantarell is a mature field, in a declining phase."

"By 2015, we hope we will reach the 3 million barrels per day that we had in 2005/06," she said.

[Daniel_Plainview]

$this->bbcode_second_pass_quote('stu', 'S')ell your Doomsteads and put away your rifles.

It's all gonna be ok.

Mexico sees crude output recovering by 2011

$this->bbcode_second_pass_quote('', '&')quot;We've been facing a decline in our most important field, so we are currently working in other areas, particularly at Chicontepec, to make up for that," Kessel said. "Cantarell is a mature field, in a declining phase."

"By 2015, we hope we will reach the 3 million barrels per day that we had in 2005/06," she said.

[shortonoil]

pstarr said:

$this->bbcode_second_pass_quote('', 'T')ime to send in the Big Guns. Where's Oilfinder?

[yesplease]

Then all the good Christians will be beamed up to heaven by Scotty, leaving the heathens to battle it out in a hell on Earth!

[copious.abundance]

>>> LINK <<<
$this->bbcode_second_pass_quote('', 'J')UNE 12, 2009, 12:25 P.M. ET
Pemex: Output To Increase Over 2009 To Average 2.7 Mln B/D

VERACRUZ, Mexico (Dow Jones)--State oil company Petroleos Mexicanos will increase oil production slightly from current levels during the rest of this year to meet its target of 2.7 million barrels a day, Pemex exploration and production chief Carlos Morales said Friday.

Daily production is still less than 2.7 million barrels a day, he said.

Pemex will incorporate new production from several fields, including the Chicontepec basin, to meet this target. He said Chicontepec will reach 40,000 barrels a day in August and 60,000 by the end of the year.

"The airplane has left the runway at Chicontepec," he told reporters at a press briefing.

He said Pemex is also booking new oil reserves at Chicontepec, which will help improve the oil reserve replacement rate to more than the 71% Pemex reported for 2008.