Pemex predicts lowest output in 24 years as old fields dwindle

MEXICO CITY (Bloomberg) -- Petroleos Mexicanos cut its output forecast to the lowest in at least 24 years as mature fields are shrinking faster than it had previously expected. The forecast was lowered to 2.41 MMbopd from a prior projection of 2.5 million, said Gustavo Hernandez, Pemex’s head of exploration and production.


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Pemex predicts lowest output in 24 years as old fields dwindle Pemex predicts lowest output in 24 years as old fields dwindle Reviewed by Crude Oil Facilitators on 01:39 Rating: 5

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