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Mexico's crude output down 6.2% in June
Mexico pumped 1.57Mb/d (million barrels a day) of crude oil in June, 6.2% less than the same month last year, according to data released by regulator CNH.
Including condensates, Mexico produced 1.84Mb/d of liquid hydrocarbons last month, also down 6.2% from June 2023.
National oil company Pemex accounted for 95% of production, pumping 1.75Mb/d. Other operators, who were briefly allowed into the Mexican upstream segment under a previous administration, produced the remaining 95,000b/d, or 10,000b/d more than in May.
In recent years Mexico has struggled to stabilize its production of oil and gas. Under the government of President Andrés Manuel López Obrador, bid rounds for international oil companies have been cancelled and Pemex has prioritized investments in refining.
Natural gas production fell 12.2% year-on-year in June to 3.82Bf3/d (billion cubic feet a day), CNH said.
Mexico’s production of liquid hydrocarbons peaked in 2004 at 3.38Mb/d. Natural gas production peaked in 2009 at 6.53Bf3/d.
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News in: Oil & Gas (Mexico)
![Pemex slashes crude exports as Olmeca refinery starts up](https://cdn-www.bnamericas.com/img/sectors/oilgas_2.jpg)
Pemex slashes crude exports as Olmeca refinery starts up
Crude exports to the Americas of Mexico's national oil company fell 58% in July to what appears to be a record monthly low of 343,000b/d.
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Data Insights: Latin America's offshore oil and gas projects
Leading developments include the second phase of production at the ExxonMobil-operated Liza field in Guyana, slated for investment of US$1.6bn.
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The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
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ABB México, the Mexican subsidiary of Swiss power and automation technologies firm ABB, provides technology and automation services for the electric power, hydrocarbon and petro...
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Fieldwood Energy E&P México, S. de RL de CV is a Mexican hydrocarbon exploration company and a subsidiary of Fieldwood Energy LLC. The company is the operator of Contract Area 4...