Mexico | The decline of mature fields hinders a higher crude oil production

Summary

The annual production of new fields went up by around 168 thousand barrels a day against 2021 and represents the highest yearly increment in the short history of these fields.

Key points

• Key points:
• Nevertheless, total oil production only increased by 28 thousand barrels a day due to the decline in the production of mature fields.
• Higher prices boosted Pemex’s export and domestic sales, which posted an annual increase of 47.5% and 56.8% in 2022, respectively.

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