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Friday, 21 November, 2008, 23:10 GMT | more >>

Pemex sees deepwater boom



By Upstream staff 

State oil monopoly Pemex said today that crude output from its deepwater Ku Maloob Zaap offshore oilfield, key to future production, will almost double to 800,000 barrels per day in 2009.

Carlos Morales, Pemex's head of exploration and production, told reporters at the opening of a new platform on the field that the extra output from Ku Maloob Zaap will help replace production from the huge but aging Cantarell field in the Gulf of Mexico, Reuters reported.

"It is going to help us keep a production platform of between 3.1 million and 3.3 million barrels per day," he said.

Mexican oil tycoon Carlos Slim, whose Swecomex company built the platform, said state-owned oil company Pemex did not need help from foreign energy companies to reach deep-sea oil.

"Yes, they can do it alone," said Slim, the world's third-richest man. "Obviously there is a lot of technology around the world."

Swecomex is part of the industrial group Carso controlled by Slim.


Monday, 09 October, 2006, 22:47 GMT  | last updated: Monday, 09 October, 2006, 23:04 GMT

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