The Oil Drum: Potential Impact of Cantarell’s Decline on Mexico’s Oil Production

In 2005, Cantarell
produced more than 60% of Mexico’s oil production. Therefore, Cantarell
can be considered as the “Ghawar” of Mexico. As we can see on Fig. 1,
Cantarell’s output doubled within a few years thanks to Nitrogen
injection. However, the oilfield production has started to decline
rapidly since 2004…We are proposing to analyze the Mexican production based on two
separate Hubbert Linearizations. The resulting production decline is
much more important than the decline forecasted by the application of
one Hubbert Linearization on the total profile. What does this decline mean?
Much more after the jump to The Oil Drum.