Mexico oil output hits near two-year high

Pemex output: Sees uptick in November

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News Wires

 18 December 2012 22:36 GMT

Mexico produced an average of 2.577 million barrels per day of crude oil in November, the highest level since January 2011 and up 1.4% from October, state oil company Pemex said on Tuesday.

The boost in production from October's average of 2.542 million bpd was due to better performance in offshore projects like Yaxche, Chuc y Tsimin Xux in Mexico's southwest region, and the aging but still highly productive Ku Maloob Zaap fields in the Bay of Campache, Reuters reported.

Pemex also pointed to increased output onshore in its Chicontepec basin and its Ogarrio-Magallanes field in southern Mexico, the news wire said.

Production in November marked the company's highest level of average output since January 2011 when crude production reached 2.584 million bpd.

Mexico is the world's…

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