Production Outlook for 2013

Tue, 01/22/2013 - 14:04

According to Pemex E&P’s operating plan, the company’s oil production is forecasted to increase by 2.9% after nine years of decline. Although Pemex failed to reach its production target during the past four years, planned production in 2012 was 2.602 million b/d while actual production reached only 2.548 million b/d, Pemex E&P’s management is optimistic the production target will be achieved in 2013 despite a drop in production to 2.538 on average for the first four months of the year. According to Pemex’s production forecast, the North Region will show a modest 1% production growth, the Southwest Marine Region is expected to see stable production, Macuspana- Muspac’s 8% production increase will be the main driver of a 4% production increase in the South Region, and the North region’s production will go up by 19% as Chicontepec is expected to experience a production increase of 32%.

This page presents how Pemex expects to reach its planned production of 2.621 million b/d.