Been reading anonymously for quite a while and have noticed that not enough info on mexican fields is provided so...
Update on mexican crude production and exports for september:
Total production 3,257,579 ; down 114,042 from jan; -3.38%
Total exports 1,678,440 ; down 373,214 from jan; -18.19%
Exports to US 1,329,656 ; down 250,504 from jan; -15.85%
Source www.sener.gob.mx
Commentary: PEMEX has been able to extend a gentle downward slope on the production plateau/decline of its fields and is pumping more light and superlight from the southwest offshore Campeche fields to offset Cantarell's decline that is steepening its curve. Due to a generally good overall economic year for the country, demand for fuels has increased so that exports have been sacrificed at an accelerating pace. The US and Spain have been favored and other clients in Asia have been dropped totally.
Cantarell's decline trend seems solid now and no new development or exploration wells are being drilled in that field as of recent months. % change jan-sept has been 12.17%; a decline of 233,682bd average, going from 1,920,114 to 1,686,432
theoildrum.com |
