Cantarell — An Omen?

Last week, somebody leaked the top secret PEMEX Cantarell Depletion study, and guess what? The situation might just well be a whole lot worse than the Mexicans have been letting on.

..If the pessimistic scenarios outlined in the PEMEX study come to pass, it will be very serious. The loss of nearly 1.5 million barrels a day of production capacity within three years will be very difficult to overcome either from other Mexican fields or from new production in other countries. Unlike political stoppages from exporters such as Iran or Nigeria , depletion can’t be put right. Mexican exports will be seriously reduced or perhaps even eliminated forever.

Falls Church News-Press