Pemex to see limited success increasing output from mature fields using service contracts

摘要

Pemex might have limited success with its plan to boost oil and natural gasproduction from mature fields using exploration and production integratedservices contracts (CSIEEs), analysts told S&P Global Platts Thursday.On Wednesday, the state-owned company announced that by mid-2021, it would award service contracts across 21 areas in a first projectphase focused on enhanced oil recovery (EOR).EOR is integral to President Andrés Manuel López Obrador’s plan toboost the company’s oil and gas production.EOR will increase Pemex’s production by 978 MMcf/d of gas and627,000 b/d of crude by 2024, according to the company.The 21 areas to be awarded have a combined 2.7 billion boe ofcombined proven and probable (2P) reserves, with 70% being atCantarell Complex’s Akal field.Currently, the Akal field produced 45,900 b/d in February, downfrom peak production of 2 million b/d in 2003.