- Sputnik International
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Mexico May Hike Oil Output to 2.9Mln Barrels Daily Surpassing Venezuela, Brazil

© AP Photo / Hasan Jamali, FileOil pump
Oil pump - Sputnik International
Unlocking new oil fields could boost Mexico’s production to a daily 2.9 million barrels in the next decade, the head of the National Hydrocarbons Commission (CNH) said Monday.

Oil and gas company Statoil gas processing and CO2 removal platform Sleipner T is pictured in the offshore near the Stavanger, Norway. - Sputnik International
Mexican Oil Prices Rise by Over 7% in Wake of OPEC Deal on Output Freeze
MEXICO CITY (Sputnik) — Earlier in the day, Mexico awarded nine contracts to drill for oil at deep-water fields in the Gulf of Mexico, including at the so-called Trion block.

"Additional production that these eight contracts and Trion will give Mexico is expected to add roughly 900,000 barrels a day on top of the existing production after the projects are past theIR exploration and development phase," CNH’s Juan Carlos Zepeda told reporters at a conference.

Mexico is the world’s twelfth largest oil producer. It extracts around 2 million barrels a day – less than Venezuela’s 2.3 million barrels or Brazil’s 2.6 million – although its production reached a record 3.38 million ten years ago.

To participate in the discussion
log in or register
Заголовок открываемого материала