November PEMEX oil production highest in the past 19 months

abarrelfullabarrelfull wrote on 19 Dec 2012 08:56
Tags: mexico n-america pemex upstream

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In November, Pemex oil production reached higher crude the last 19 months, registering an average volume of two million 577 thousand barrels a day, as a result of the diversification of the portfolio of production projects.

The observed increase in production was mainly due to the development of substantive projects Pemex Exploration and Production (PEP) such as Yaxché, Chuc and Tsimin-Xux in the Southwest Marine Region; Tertiary Gulf Oil in the north; Ku-Maloob- Zaap in northeast marine and Ogarrio-Magallanes located onshore in the south of Mexico.

Importantly, these projects, as a whole, increased crude oil production at 156,000 barrels per day last May to November 2012, which was possible to compensate for the natural decline in the Cantarell project occurred Marine Region Northeast.

Significantly began operations last August Tsimin-Xux project, which has provided a volume of nearly 11,000 bpd.

Thus, with the increase in oil production registered, the daily average stood at two million 546 thousand barrels a day during the January-November period.

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