Pemex Shuts Down Oil Platforms in Gulf Ahead of Hurricane

Mexican state oil monopoly Petroleos Mexicanos, or Pemex, said Monday it is temporarily shutting down and evacuating all its oil and gas production platforms in the Campeche Sound as Hurricane Dean approaches the zone.

In a press release, Pemex said the shutdown of 407 wells in the zone, located in the southern Gulf of Mexico, will shut in 2.65 million barrels a day of crude oil and 2.634 billion cubic feet a day of natural gas.


In the first half of this year, Pemex’s overall crude production averaged 3.16 million barrels a day, and its natural gas production averaged 5.925 billion cubic feet a day.

Pemex, one of the top foreign suppliers of crude oil to the U.S., said whether or not it declares “force majeure” on shipments will depend on the effects of the storm.

Pemex exports approximately 1.7 million barrels a day of crude oil, of which about 80% goes to the U.S.

Rigzone