Pemex turns to horizontal wells to boost oil output

Petroleos Mexicanos is increasing the use of horizontal wells that allow a single platform to pull oil from a larger area to maximize dwindling reserves at the Cantarell field, the Wall Street Journal said..

The company, the third biggest oil supplier to the U.S., plans to drill more such wells this year as part of $2.4 billion in spending to slow the decline in output at the field to about 50 percent of last year’s rate, the Journal said, citing consultants.
The wells may cut the decrease in output to about 200,000 barrels of daily output at year’s end from about 400,000, the Journal said.

Petroleum World