Mexico: Output to fall 1.8Mb/d at existing fields by 2021

Mexico will see oil production decline by roughly 1.8Mb/d by 2021 from existing fields, energy minister Georgina Kessel said.

Crude output last year averaged 2.94Mb/d. Output has fallen consistently over the past three years, preventing state oil firm Pemex from bringing in an additional US$10bn/y in revenues, Kessel said.


Kessel made the announcement at the presentation of the energy ministry (Sener’s) analysis of the energy sector, which was developed in response to debate over a possible energy reform.

The prolific Cantarell field, which accounts for roughly half of Mexico’s crude output, will make up 1.01Mb/d of the decline by 2021, according to the diagnosis. The Ku-Maloob-Zaap asset will decline by 295,000b/d by 2021, with remaining fields accounting for 492,000b/d.

Cantarell will decline by 565,000b/d by 2012, with other fields accounting for a 212,000b/d fall in production.

Business News Americas