Pemex lists E&P projects to counter Cantarell’s decline

Petroleos Mexicanos, reporting small declines in Mexico’s oil and gas reserves in 2005, said it has offshore and land projects lined up to reverse the decline if the government approves its budgets in coming years.However, even stemming the declines would seem to require the participation of outside companies technologically savvy in deepwater operations. Mexican law does not permit such associations.Nitrogen injection is temporarily sustaining the output level at the Cantarell complex in the Gulf of Mexico, but Pemex reports sharp production declines in most of its other producing areas.Meanwhile, Pemex announced that electric logs at a deepwater wildcat in the southernmost gulf in...

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