Drop in Pemex's revised oil reserves figure 'significant'

Petroleos Mexicanos earlier this month revised downward the estimate of its 2000 proved crude oil and natural gas reserve base to comply with US Securities and Exchange Commission filing guidelines. The adjusted totals were calculated to be lower by 6.755 billion bbl of oil, condensate, and natural gas liquids and by 2.334 billion boe of dry gas.In other company news, two US-based energy firms are making progress in their divestiture programs.Williams Cos. Inc. has inked a definitive agreement to sell its 6,000 mile Central natural gas pipeline to Southern Star Central Corp., a wholly owned unit of AIG Highstar Capital LP, for $380 million in cash and the assumption of $175 million in deb...

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