Posted: Tue Feb 12, 2008 10:32 am Post subject: Re: Cantarell Oil Production to "drop precipitously&
Quote:
Can you say illegal immigration? I knew you could.
Quaint term. How about "tsunami of desperate flesh." _________________ "By the time individuals discover that remaining resources will not be adequate for the next generation, the next generation has already been born. " David Price
Posted: Tue Feb 12, 2008 11:14 am Post subject: Re: Cantarell Oil Production to "drop precipitously&quo
With 60% of Mexico’s foreign exchange currency coming from oil, it looks like maybe Mexico will be the first modern industrialized civilization to collapse.
Posted: Tue Feb 12, 2008 11:42 am Post subject: Re: Cantarell Oil Production to "drop precipitously&
shortonoil wrote:
With 60% of Mexico’s foreign exchange currency coming from oil, it looks like maybe Mexico will be the first modern industrialized civilization to collapse.
Joined: Apr 05, 2005 Posts: 1628 Location: Springsteen Country (NJ)
Posted: Thu Feb 14, 2008 2:28 pm Post subject: Re: Cantarell Oil Production to "drop precipitously&
I guess this belongs here, too. I like tacos, but not Taco Bell.
Oil & Gas Journal
Quote:
Mexico oil production decline to increase in 2010 by Eric Watkins Senior Correspondent
LOS ANGELES, Feb. 7 -- Mexico will face difficulties in producing crude oil over the coming 2 years, according to a media report, which claims that Cantarell and Ku-Maloob-Zaap (KMZ) fields will decline simultaneously in 2010.
"As we move toward that scenario," said El Financero newspaper, "Cantarell's decline became more pronounced in 2007, when it stopped producing an average of 304,000 b/d. It declined by 234,000 b/d in 2006 and 101,000 b/d in 2005, the paper reported. According to the paper, that reduction contributed to a drop of 174,000 b/d in the country's total production in 2007, compared with a decline of 78,000 b/d in 2006 and 50,000 b/d in 2005.
Although KMZ's oil production average increased by 123,400 b/d in 2007, representing a 30.6% increase over 2006, it is not offsetting much of Cantarell's decline because its increase made up for only a third of the decline in Cantarell, El Financero said. Officials at state-owned Pemex expect KMZ to reach its highest production level in 2010, averaging 800,000 b/d of crude oil. Thereafter, its decline will begin, along with that of Cantarell.
_________________ Joe P. United Political Debate
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb
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