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Cantarell in irreversible 10% decline shocker PDF Print E-mail
Saturday, 27 May 2006

Reserves at Mexico's most prolific source of offshore crude, the Cantarell reservoir, are irreversibly dropping much faster than expected and will force PEMEX, America's No. 1 crude supplier, to curb deliveries of Maya crude, not only to the US, but also to Europe and the Caribbean. By Q4/06 Mexico’s total crude output will plunge 300,000 bpd or nearly 10-pct, vs 127,000-bpd PEMEX projected in Dec.

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