Pemex: KMZ steady through 2017

Pemex fields: Mature wells expected to maintain production through 2017

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News Wires

 15 February 2013 23:46 GMT

State oil monopoly Pemex said on Friday it expects Mexico's Ku Maloob Zaap oil fields, its most productive wells, to maintain output at 850,000 barrels per day (bpd) through 2017.

Ku Maloob Zaap's 170 producing wells contributed a third of Mexico's overall crude output last year, and in December achieved 865,000 bpd of crude and 349 million cubic feet of gas, Pemex said according to Reuters.

The aging but still highly productive Ku Maloob Zaap fields are located in the shallow waters of the Bay of Campeche.

Mexico is the world's No. 7 oil producer, but output has stagnated in recent years, dropping by roughly a quarter since hitting a peak of 3.4 million barrels per day in 2004.

President Enrique Pena Nieto has…

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