Tuesday, March 25, 2014

Pemex: FEB Oil Production Declines 5k bopd, Nat Gas Production rises 85 mmcfd

Pemex reported operating statistics for Feb 2014 yesterday:

Oil production was down again slightly, to 2,501 kbopd.  However NGL production rose by 15 kbopd, lifting total liquids production by 11 kbopd from JAN.  

Pemex Oil Report PDF

Natural gas production rose for the 9th consecutive month, by 85 mmcfd to 6.545 BCFD.  That volume has only been achieved once in the last two years.  The growth came primarily in hydrocarbon associated production offshore.

Pemex Gas Report PDF

Nevertheless, natural gas imports also rose as domestic consumption continues to grow.