Mexico's Pemex Hits Record Output at Ku Maloob Zaap on Sept. 12

Printer Friendly Version
Email this Page

Ku-Maloob-Zaap Location
(Click to Enlarge)
MEXICO CITY Sep 17, 2007 (Dow Jones Newswires)

Petroleos Mexicanos hit record production of 606,538 barrels a day at Ku Maloob Zaap, a group of offshore oil fields, on Sept. 12, the company said Monday.

The area produces 14% of Mexico's total oil output and is helping the state firm compensate for declining production at Cantarell, the country's biggest oil field.

According to recent financial statements, Pemex plans to drill 12 new development wells at Ku Maloob Zaap this year and begin injecting nitrogen into the reservoir. Nitrogen injection increases reservoir pressure, improving oil production rates.

Pemex hopes to reach 800,000 barrels a day in output at Ku Maloob Zaap in 2010.

Copyright (c) 2007 Dow Jones & Company, Inc.

Printer Friendly Version
Email this Page
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles
Related Articles


Brent Crude Oil : $63.59/BBL 2.54%
Light Crude Oil : $59.47/BBL 1.95%
Natural Gas : $2.83/MMBtu 0.71%
Updated in last 24 hours