Mexico cuts estimate for Cantarell oil output
March 4, 2009 - 0:0
MEXICO CITY (Reuters) - Mexico’s aging Cantarell oil field will produce an average of 700,000 barrels per day of crude in 2009, down from a previous estimate of 756,000 bpd, according to a presentation posted on state oil company Pemex’s website.
Pemex executives said in a presentation before Congress in January that output from Cantarell would average 756,000 bpd in 2009.Pemex also reduced its longer-term forecast for Cantarell. Output from the field is now seen averaging 400,000 bpd between 2009-2017, down from the January estimate of 423,000 bpd.