PEMEX increased oil production in August

abarrelfullabarrelfull wrote on 08 Sep 2011 15:00
Tags: mexico pemex upstream

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During August, crude oil production registered an increase of 22 thousand barrels per day from the previous month, reaching an average of two million barrels per day 555 000.

With this result, the average oil production in the first eight months of the year was two million 557 thousand barrels a day, a volume that is in line with the goal of extracting established in early 2011. The expected production for the year end is estimated more than two million 600 thousand barrels per day.

Importantly, the project Tertiary Gulf Oil (Chicontepec) observed an increase of 39 percent in oil production, with respect to the volume obtained in 2010, from 44,000 barrels per day in December last year, to 61 thousand barrels so far this September 2011.

As regards the domestic production of gas, so far this year reached an average of six thousand cubic feet 675 million a day, a volume that exceeds 83 million cubic feet of volume estimated for this year, which is six thousand 592 million.

Regarding the burning of gas in the reference period, PEMEX has been reduced by more than 100 million cubic feet per day goal set for 2011, to obtain a level of gas use more than 97.3 percent. For the month of October is scheduled to reach 98 percent utilization, amount consistent with the commitments established with the National Hydrocarbons Commission.

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