Mexico | Pemex’s crude oil production continues increasing

Summary

The new fields will have to produce an average of 420 thousand barrels a day in 2022 to make it possible for Pemex to reach its production target of 1.903 million barrels a day

Key points

• Key points:
• Pemex’s own production explains 68.2% of the increase in the production of liquid hydrocarbons since the fourth quarter of 2020 while the contribution of condensates and its partners was 28.3% and 3.4%, respectively
• Despite higher crude oil prices, Pemex’s export sales went down in the fourth quarter of 2021 because of the lower exported volume in relation to the previous quarter

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