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Analysis

Mexico's Main Natural Gas Fields

Wed, 01/25/2012 - 11:44

ONSHORE

BURGOS

The Burgos asset has been producing natural gas for Mexico since 1945. It is located in the northeast region of the country and it covers an area of approximately 120,000 km2. It is Mexico’s number one gas-producing asset with 2,737 operating wells. In 2010, Burgos produced an average of 1,487 Mcf, a production figure that declined 9.5% in 2011 to 1,346 Mcf.

VERACRUZ

The Veracruz asset is Mexico’s third-largest producer of natural gas. In 2010, Veracruz produced 823 Mcf, which declined 12.2% to 722 Mcf in 2011.

SAMARIA-LUNA

The Samaria-Luna asset experienced a 7.6% decline in its natural gas production with 775 Mcf produced in 2010 and only 716 Mcf in 2011. MACUSPANA For the Macuspana asset, production of natural gas decreased 4.9% from 2010 to 2011 with a drop from 309 Mcf to 294 Mcf.

BELLOTA-JUJO

The Bellota-Jujo asset is located in the southern region of the country. Its natural gas production declined 5.6%, from 2010 production of 305 Mcf to 288 Mcf in 2011. Within this asset, the field of Jujo-Tecominoacán is the one with the largest production of gas with an average of 119 Mcf.

MUSPAC

The Muspac asset is located near the Port of Coatzacoalcos. In 2010, it produced 273 Mcf of natural gas and 279 Mcf in 2011, a decline in production of only 2.2%.

CINCO PRESIDENTES

The Cinco Presidentes asset, located in the state of Tabasco, shows the potential to increase its production of natural gas in the coming years. In 2010, this asset produced 104 Mcf of natural gas and in 2011 it produced 117 Mcf, demonstrating an 11.1% positive growth.

POZA-RICA ALTAMIRA

From 2010 to 2011, the Poza-Rica Altamira asset witnessed a 1.7% decline in the production of natural gas. This asset produces an average of 116 Mcf of natural gas for the country.

ACEITE TERCIARIO DEL GOLFO (CHICONTEPEC)

Although this asset, more commonly referred to as Chicontepec, is better known for its oil production, it does produce a limited amount of natural gas and has demonstrated a positive production growth in the last couple of years. Aceite Terciario del Golfo produced 85 Mcf of natural gas in 2010 and 110 Mcf in 2011: a production increase of 22.7%.

OFFSHORE

CANTARELL

The Cantarell field is Pemex’s second-largest gas-producing asset after the Burgos asset. In 2010, Cantarell produced 1,249 Mcf of natural gas, followed by 1,089 Mcf in 2011. This represents a 12.8% decline in production.

LITORAL DE TABASCO

The Litoral de Tabasco asset is located oshore in the southwest of the Gulf of Mexico. The asset’s area covers more than 11,000 km2. For the past couple years, Litoral de Tabasco has showed positive production growth. In 2010, it produced 573 Mcf, a figure that increased 11.4% in 2011 with a production of 647 Mcf.

ABKATÚN-POL-CHUC

Abkatún-Pol-Chuc’s natural gas production declined 4.7% from 2010, when it produced an average of 592 Mcf, to 564 Mcf in 2011. As of June 2011, the Ixtal field within the Abkatún-Pol-Chuc asset had the largest production with an average of 190 Mcf of natural gas.

KU-MALOOB-ZAAP

For the past couple years, the Ku-Maloob-Zaap asset has produced a steady average of 332 Mcf of natural gas. Nearly 53% of the total natural gas production at this asset comes from the Ku field.