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Another Super Field heading towards oblivion?

Mexico's Oil Output May Decline Sharply (http://online.wsj.com/article_email/SB113945651609169248-lMyQjAxMDE2MzA5OTQwNTk2Wj.html)

By DAVID LUHNOW
Staff Reporter of THE WALL STREET JOURNAL
February 9, 2006; Page A4

http://www.cleanmpg.com/photos/data/501/Resize_of_MEXICAN_OIL_PEAK.jpg

Of possible interest to CleanMPG readers:

The worst two scenarios suggest a drastic decline in output to 875,000 barrels a day by the end of 2007 and to just 520,000 a day by the end of 2008. If such projections turn out to be correct, Mexico's overall oil exports would decline by about one million barrels a day -- equal to about 63% of its daily crude exports to the U.S. -- from its current 1.8 million.

Hi All:

___Cantarell, Mexico’s largest field is definitely in decline :(

PEMEX - Issues related to the Cantarell Complex. (http://www.pemex.com/index.cfm?action=content&sectionID=8&catID=428&subcatID=3679)

Our models that 2006 forecast production, take into account all activities related to the reservoir administration along with updated data regarding gas oil contact displacement through September of this year. These estimates show that production levels in the Cantarell complex for 2006 will be approximately 1.905 MMbpd. This volume is 6% lower as compared to 2005 production which was 2.032 MMbpd, and is consistent with previous forecasts disclosed by PEMEX. For 2007 and 2008, estimated production is 1,683 and 1,430 MMbpd, respectively, if required investment amounts are attained.

___The following is even more detailed: Pemex Outlook - Nov. 2006 (http://www.pemex.com/files/content/dcf_pemex_outlook_061106_i.pdf)

Mexico Total Crude production Millions of BBl’s/day.
Year|Amount (MMbd)
1997|3.02
1998|3.07
1999|2.91
2000|3.01
2001|3.13
2002|3.18
2003|3.37
2004|3.38
2005|3.33
2006|3.30 (estimated)

___Thanks to GreenCarCongress for the links.

___Good Luck

___Wayne