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Tuesday, April 30, 2019

Pemex: MARCH Oil and Gas Production Show Steady Gas Output, Further Oil Declines

Pemex daily oil production fell by 7K in March to 1.069 MMBOPD, on trend to cross 1.5 MMBOPD by year end.  Gas was down minimally, to 4.857 BCFD, continuing a 6 quarter streak of almost level output. 




Light and Extra-light oil output is down the most over a 3 year period, in percentage terms. From a regional perspective, marine, and southern onshore, have been declining the most.




Gas output details reveal onshore decline trends, with marine output recovering erratically over the last year: