Mexico | Less crude oil from mature fields affects total production

Summary

The production of liquid hydrocarbons of Pemex in the second quarter of 2024 vs. the previous quarter showed a decrement of 36.1 thousand barrels a day mainly due to a lower production of superlight crude oil plus condensates and heavy and light crude oil by 17.6 thousand and 16.6 thousand barrels a day, respectively.

Key points

• Key points:
• The production of new fields averaged around 557 thousand barrels a day of liquid hydrocarbons in the second quarter of 2024 vs. 558 thousand in the previous quarter.
• A lower export volume of crude oil and higher prices of some fuels affected Pemex’s export and domestic sales, which posted an annual change of -16.1% and 12.5% in the second quarter of 2024, respectively.

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