Pemex’s steady output declines continued in 2015

Petroleos Mexicanos (Pemex) reported liquid hydrocarbons production in 2015 of 2.59 million b/d, down 7% compared with the 2014 total and 10% compared with the 2013 total.

Petroleos Mexicanos (Pemex) reported liquid hydrocarbons production in 2015 of 2.59 million b/d, down 7% compared with the 2014 total and 10% compared with the 2013 total.

Offshore production accounted for 68% of the overall 2015 total.

The total included 2.27 million b/d of crude oil, also down 7% from the 2014 level and 10% from the 2013 level. Heavy oil comprised slightly more than half of Pemex’s 2015 crude production.

Companywide natural gas production totaled 6.4 bcfd, a drop off of 2% from the 2014 level but up slightly from the 2013 level.

Production of refined petroleum products totaled 1.27 million b/d, a decrease of 9% vs. the 2014 total and 13% vs. the 2013 total.

Petrochemical output in 2015 was 9.89 million tonnes, down 13% vs. the 2014 level and 14% vs. the 2013 level.

Pemex in December said it plans to spend $23 billion on projects designed to modernize and reduce greenhouse gas emissions from Mexico’s six refineries (OGJ Online, Dec. 9, 2015).

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