A Guest Post by George Kaplan
Mexico C&C Production
Mexico oil production is in decline though, at the moment, not as steep as it was expected to be (at least by me – IEA predictions are closer).
Data is through June and comes from Pemex and National Hydrocarbons Information Center (CNIH) (both sites are pretty good).
For June C&C was 1870 kbpd, down 25 kbpd from May and 170 kbpd y-o-y. Yearly decline rates for each region are shown in the chart below. Production peaked in 2004/2005 at just over 3500 kbpd, so overall decline is approaching 50%.
Most of the decline has been in light oil and condensate, with heavy oil holding fairly level.