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Pemex reactivated development of mature oil fields in the Gulf of Mexico

Petroleumworld
CARACAS
Petroleumworld.com 08 25 06

Mexico's oil company Pemex, said Thursday it has reactivated development of mature oil fields in the Gulf of Mexico with producion oil at the Carpa field, about 27 miles from the Gulf coast city of Tuxpan.

The new field reactivates operations in area known as Faja de Oro Marina, or "offshore golden lane," discovered in the 1960s.

Pemex said that reactivation on those fields will require the investment of 2.8 billion pesos ($260 million), the fields are located in the area known as Faja de Oro Marina, or "offshore golden lane," discovered in the 1960s and Pemex espects producing up to 20,000 barrels a day of crude oil by the end of next year.

In the first half of 2006, Pemex's overall crude oil production was 3.34 million b/d, of which it exported 1.91 million b/d.


Petroleumworld 24 08 06

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