Oil gas J report. Mexico. [Mexico]

Journal Article · Mon Aug 30 04:00:00 EDT 1982 · Oil Gas J.; (United States)

OSTI ID:5870525

Mexico's oil industry continues its rise, but it has not yet been able to ignite sluggish sectors of the economy nor bring national prosperity. Petroleos Mexicanos (PEMEX) has accomplished about everything an oil company can do. Total claimed proved reserves of oil, gas liquids, and gas (oil equivalent) climbed 12 billion bbl to 72,000 billion bbl in 1981. They could hit 80 billion bbl by year-end 1982. Production (oil, gas, and gas liquids) rose by half a million barrels per day to 3,125,000 bpd. With the proper market and mandate, PEMEX could top that in 1982. Exports grew 300,000 bpd in 1981, but may be flat in 1982, though not due to a lack of capacity to export. PEMEX lost its authority to set sales volumes after the first big discoveries. It has also lost its ability to negotiate prices. This report indicates the impact of economic factors on drilling and production. New finds and production statistics on existing fields are highlighted. Technologic progress also is documented.

• OSTI ID: 5870525
• Journal Information: Oil Gas J.; (United States), Journal Name: Oil Gas J.; (United States) Vol. 80:35; ISSN OIGJA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020100* -- Petroleum-- Reserves-- (-1989)
020300 -- Petroleum-- Drilling & Production
03 NATURAL GAS
030100 -- Natural Gas-- Reserves-- (-1989)
030300 -- Natural Gas-- Drilling
Production
& Processing
DEVELOPING COUNTRIES
DRILLING
ECONOMICS
EXPORTS
FLUID INJECTION
FLUIDS
GEOLOGIC DEPOSITS
INDUSTRY
LATIN AMERICA
LIQUIDS
MARKETING
MEXICO
MINERAL RESOURCES
NATURAL GAS DEPOSITS
NATURAL GAS LIQUIDS
NATURAL GAS WELLS
NORTH AMERICA
OIL WELLS
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PRODUCTION
RESERVES
RESOURCES
WATERFLOODING
WELL DRILLING
WELLS