MEXICO

(in Central America)

CAPITAL: MEXICO CITY

POPULATION: 108 mm

AREA (on): 1,972,600 km2

OIL PEAK: 2004

SUPPLY

Mexico has declining areas of onshore oil production bordering the Gulf of Mexico but the country’s key region is the shallow waters of Campeche Bay. Here the giant Cantarell complex, plus other smaller fields produce mostly heavy oil. The area has seen massive investment to maintain output but Cantarell is now declining rapidly although other field complexes are partly replacing the shortfall.

Gas production in Mexico comes from the onshore Burgos basin near the US border, the Golden Lane area west of the Gulf and from Campeche Bay. Output is increasing as better use is being made of offshore gas that is currently flared or re-injected.

New Gulf of Mexico deepwater oil and gas production is possible within a decade.

 

DEMAND

Mexican oil consumption is flat whilst gas consumption is growing as indigenous supply increases in the south.

Mexico exports around half its oil, mostly to the USA, although exported volumes have begun to decline rapidly. The country has also imported relatively small quantities of gas across the border from the USA into population centres in the north.

 

 
 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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