Mexico | New fields continue increasing their production

Summary

The new fields will have to produce around 300 thousand barrels a day during the fourth quarter of 2021 to make it possible for Pemex to reach its production target of 1.765 million barrels a day.

Key points

• Key points:
• Pemex’s own production explains 77% of the increase in the production of liquid hydrocarbons since the third quarter of 2020 while the contribution of condensates and its partners was 21% and 2%, respectively
• The progressive increase in the crude oil price has contributed to the recovery of Pemex’s export sales in the last five quarters

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