Mexico production

Oil production at Mexico’s Ku-Maloob-Zaap (KMZ) offshore megafield continued to plunge in July, one of numerous headaches afflicting state oil company Petróleos Mexicanos (Pemex), according to the International Energy Agency (IEA).

Mexico’s crude and condensate production dipped by 9,000 b/d in July versus June to 1.65 million b/d as freefalling production at KMZ “more than offset supplies from new developments,” IEA said in its September Monthly Oil Market Report released Tuesday.

KMZ production averaged 640,000 b/d, down 30,000 b/d versus June and off 130,000 b/d from July 2019.

Output from Pemex’s so-called priority fields reached 55,000 b/d, IEA said, with the largest contributions coming from the Mulach, Pokche, Tlacame and Manik fields.

Production in...