Pemex Reports Falling Proven Reserves

摘要

Pemex, Mexico's state oil company, said Friday that its proven reserves stood at 13.992 billion barrels of oil equivalent as of Jan. 1, down 2% from 14.3 billion boe a year earlier. Carlos Morales Gil, director of Pemex's exploration and production division, said the company added 389 million boe of proven reserves last year as a result of exploratory activity. However, those additions fell short of oil and gas production for the year, leading to a decline in proven reserves.