Manufacturing Industry
MEXICO: Development plans for proposed 20-year $37,500,000,000 oil and gas field exploitation project, PETROLEOS MEXICANOS (PEMEX) [Mexico].
WWP- Report on Oil Gas & Petrochemicals in the Developing World, June, 2006
PROJECT OVERVIEW
The local state-owned PETROLEOS MEXICANOS (PEMEX) considers that the most important factor in the increase of its reserve replacement is the construction of the infrastructure for the development of Ku-Maloob-Zaap, Crudo Ligero Marino and Chicontepec. These fields are expected to allow a reclassification of probable and possible reserves to proved reserves, which is in accordance with Securities and Exchange Commission definitions.
PEMEX currently produces 3.4 million barrels per day (b/d) of crude oil and 4.7 billion cubic feet per day (cf/d) of natural gas. With the development of projects such as Ku-Maloob-Zaap, Crudo Ligero Marino and Chicontepec, PEMEX expects to increase its production output by 4 million b/d of crude and 6...
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