[Tanada]

http://www.brecorder.com/world/global-b ... -bpd-.html

The above gives us a few key facts,

Mexico's oil exports fell in December from a month earlier even as crude production rose slightly over the same period to 2.557 million barrels per day (bpd), state oil company Pemex said on Friday.

Oil production was up in December from 2.529 million bpd pumped in November 2011.

Exports, however, slipped to 1.282 million bpd of oil in December from 1.362 million bpd shipped in November, Pemex said.

Output at Mexico's largest oil complex, Ku Maloob Zap, reached 842,519 bpd in November, while the second largest field Cantarell produced 400,587 bpd that month

Okay, production is up slightly, exports are down a little despite additional production, and Mexico is still importing 40% of the liquid fuel it consumes daily.

The only figure I could find was for 2010 when Mexico was importing 94,000bbl/d of distillates, mostly diesel fuel. I also found a few references to Mexico closing down more of its oldest refineries and relying more and more on imports from the USA but none of them had any hard data in them. Does anyone know how much refined product Mexico is importing every day? The export land model seems to be in play with the increase in production coupled with a decrease in export while prices hover around $100 per bbl. They have a large incentive to produce and export as much as they can but domestic consumption is eating into their exports.

[Plantagenet]

I was just in Mexico a couple of weeks ago. Gas prices at the PEMEX stations are still lower than the US, but not by as much as they used to be. Prices were about 9.8 pesos per liter, or about 36-39 per gallon. Depending on the exchange rate at any time, the price of gas in Mexico is about $2.50-$3.00 per gallon.

I'm not surprised that internal gasoline use is still rising in Mexico even though it is falling in the USA, given the significant government subsidy available to motorists in Mexico.

[PeakOiler]

I haven't seen or searched for the thread here at po.com titled something like "The Cantarell Thread", but it used to have some good links to sites reporting Mexico's oil production. I understand TOD had some recent reports and links there on Mexico's oil fields.

I think it's important to monitor the oil production decline of the once-upon-a-time second largest oil field in the world.

[rockdoc123]

I think it's important to monitor the oil production decline of the once-upon-a-time second largest oil field in the world.

im not sure what thread it is on but awhile ago I posted a plot of the historical Pemex production. What was apparent is that although Cantarell was on steep decline the increasing production from KMZ halted the decline and kept production a what appeared to be stable production for the past few years. According to presentations Pemex made for their latest bid round KMZ is expected to peak in production in 2013 and decline there after. This is why they have attempted to bring in US companies. Unfortunately their own process and the government restrictions have resulted in what I would call a failed process wherein the winners of the three fields bid out are service companies who will not be interested in increasing production since they will make money for service preformed regardless of the outcome.