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subject: Cantarell Offshore Oil Field Follows Decline A Big Blow To Mexico Oil Supply ---aarkstore Enterpri [print this page]

Summary
Summary

Cantarell oil field accounts for a major share of Mexicos oil production. The Cantarell complex has four major oil fields- Akal, Nohoch, Chac, and Kutz. Of these, Akal is the most important one. Cantarell has an estimated reserve of 35.0 billion barrels of oil of which recoverable reserves are estimated to be 18.0 billion barrels.

Scope

It's viewpoints cover the latest events or important trends in the global oil and gas industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and GlobalDatas views of various developments that have been taking place in the oil and gas industry across the world.

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Table of Contents :

1.1 List of figures 4

2 Viewpoint 5

2.1 Summary 5

3 Mexicos Cantarell Offshore Oil Field Follows Decline: A Big Blow To Mexico Oil Supply 6

3.1 How would Mexico deal with the fall in Cantarell Production? 8

3.1.1 Develop Offshore Noxal Project 8

3.1.2 Develop Ku - Maloob - Zaap Complex 8

3.1.3 Explore the Unexploited Onshore Chicontepec Project 8

3.2 Risks Associated In Developing Alternate Fields 8

3.3 Conclusion 8

4 Recent Developments 10

4.1 Apr 18, 2008: Pemex Launches Drilling Tenders For Chicontepec Oil Basin 10

4.2 Apr 17, 2008: Pemex Announces 308 Bcf Of Gas At Lakach Field 11

4.3 Apr 09, 2008: Chevron Proposes To Tap Oil And Gas In Mexico 11

4.4 Mar 27, 2008: PEMEX To Lift Its Reserves Replacement By 100% In 2012 12

4.5 Mar 24, 2008: PEMEX's Crude Output Continues To Fall In February 12

4.6 Mar 04, 2008: PEMEX Awards Contract To Perfordora 13

4.7 Mar 07, 2008: Debate Over Deep-Water Oil Exploration Heats Up In Mexico 14

4.8 Mar 07, 2008: Mexican Interior Minister Defends Previously Signed Energy Contracts 14

4.9 Mar 06, 2008: Mexico To Unveil Energy Reform Proposal 15

4.10 Feb 15, 2008: Mexico Oil Service Business Picks Up With PEMEX Boosting Spendings 15

4.11 Feb 14, 2008: Mexico Energy Minister Hopes PEMEX To Develop Deep Waters In Gulf Of Mexico 16

4.12 Nov 29, 2007: PEMEX To Finish Exploring Chelem Well, Gulf Of Mexico 16

4.13 Oct 09, 2007: PEMEX, Chevron Enter Collaboration Agreement 16

4.14 Oct 05, 2007: Nexen, Pemex Sign Collaboration Agreement 17

4.15 Oct 05, 2007: Nexen, Pemex Sign Collaboration Agreement 17

4.16 Sep 21, 2007: Fitch Raises Pemex Credit Rating 17

4.17 Sep 16, 2007: Pemex Begins The Filling Of Damaged Gas Pipeline 17

4.18 Aug 31, 2007: Pemex Restores Hydrocarbon Production In Sonda De Campeche Region 18

5 Appendix 19

5.1 Methodology 19

5.2 Definitions 20

5.2.1 Units of Measure 20

5.3 Contact Us 20

5.4 About GlobalData 20

5.5 Disclaimer 20

List of figures

Figure 1: Mexican Giant Cantarell and Ku-Maloob-Zaap Fields 6

Figure 2: Mexican Giant Cantarell Oil Field Production (Million Barrels), 2000-2006 7

Figure 3: Methodology 19

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