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Published on Tuesday, March 4, 2025

Mexico | Pemex’s new fields are producing fewer liquid hydrocarbons

Summary

The production of new fields averaged around 521 thousand barrels a day of liquid hydrocarbons in the fourth quarter of 2024 vs. 549 thousand in the previous quarter.

Key points

  • Key points:
  • The production of liquid hydrocarbons of Pemex in the fourth quarter of 2024 vs. the previous quarter showed a decrement of 93.6 thousand barrels a day mainly due to a lower production of heavy and light crude oil and superlight crude oil plus condensates by 75.3 thousand and 18.1 thousand barrels a day, respectively.
  • Pemex’s export and domestic sales showed an annual change of 1.9% and 3.0% in the fourth quarter of 2024, respectively.

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Pemex’s new fields are producing fewer liquid hydrocarbons

Spanish - March 4, 2025

Authors

AR
Arnulfo Rodríguez BBVA Research - Principal Economist
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