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Page added on April 27, 2012
Mexico oil production rises to 2.55 mln bpd
Mexico’s state oil monopoly Pemex said on Friday oil production rose to 2.55 million barrels per day (bpd) in March up from 2.543 million bpd produced in February.
The country’s monthly oil output has changed very little since 2009 after Pemex slowed the natural rate of decline at its largest, aging fields.
Crude output in the world’s No. 7 oil producer has fallen off since a peak of 3.4 million bpd in 2004, crimping government finances since the country relies on oil revenues to fund about a third of the federal budget.
Pemex said it expects to maintain production around 2.5 million bpd this year.
Export figures for March were expected to be released later on Friday.
3 Comments on "Mexico oil production rises to 2.55 mln bpd"
Kenz300 on Fri, 27th Apr 2012 9:15 pm
Every country needs to develop a plan to balance population with resources, food, water, energy and jobs. Mexico’s solution is to export its population.
DC on Sat, 28th Apr 2012 4:45 am
Production peaked in what? 2003-4? this is million bpd under that. While any uptick in production is good news I supose, (if your a big fan of oil anyhow), what are the odds there going to find another million bpd to add to that and keep it there for a decade or 20?..
Well..slim and none.
BillT on Sat, 28th Apr 2012 5:58 am
Exports from Mexico are about over…