Pemex H1 NatGas Output Up 14%, June Hits Record

Mexico's state oil company Pemex produced an average 5.93Bf3/d (168Mm3/d) of natural gas in the first half of 2007, up from an average 5.19Bf3/d in 1H06, the company said in a statement.

Output reached a record high of 6.19Bf3/d in June, up 4.21% from the previous month.

Of average output in the six-month period, 56.3% was associated natural gas, down from 59.9% year-on-year.

In 1H07, 42.6% of gas was produced in the northern region, 34.1% in marine regions and 23.3% in the southern region.

Natural gas sales to the domestic market in the period were 2.98Bf3/d, with revenue climbing consistently each month to reach a total 39.8bn pesos (US$3.68bn).

Compared to 1H06, domestic physical sales were up 2.8% and brought in 3.29% more revenue.

Imports of natural gas from January-June were 337Bf3/d, down from 478Bf3/d year-on-year. Imports in June hit their highest level since October 2006.

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Brent Crude Oil : $50.47/BBL 0.98%
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