Cantarell field in Mexico falling fast as gas cap expands down structure

Analysis by: Michael Lynch

Production declines as the expanding gas cap intersects the well bores. Considering that the gas/oil contact is level across the field, many wells are affected simultaneously. Today the end is near with expectations that Cantarell will become uneconomic as early as 2014 and no later than 2019. The three field sub-complex Ku-Maloob-Zaap is expected to begin its terminal decline in 2010. All in all, especially with crude oil prices down sharply, the future looks grim for the complex.

Gerson Lehrman Group