Mexican crude production down 9.2 percent in 2008

MEXICO CITY (AP) — Mexico’s state-run oil monopoly said Wednesday its 2008 crude production was down 9.2 percent from 2007.

Petroleos Mexicanos, or Pemex, blamed bad weather and declining reserves at its biggest oil field, Cantarell.


Pemex produced 2.79 million barrels of crude a day in 2008, down from 3.08 million barrels daily in 2007. Exports dropped 16.8 percent to 1.4 million barrels a day.

Pemex said production at Cantarell fell 461,000 barrels a day in 2008, to close out the year at 1.01 million barrels daily. But production rose to 702,000 barrels a day, from 513,000 daily in 2007, at the second-largest field, Ku-Maloob-Zaap.

AP