|
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.
|
DIRECT ACCESS TO ALL COUNTRIES AND REGIONS
