Steady production: Ku Maloob Zaap oilfield
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KuMaZa production to stay steady
Mexico's Ku Maloob Zaap (KuMaZa) oilfield will maintain peak oil production longer than expected, said Pemex engineer Hector Salgado.
Salgado said at an oil conference today that KuMaZa will maintain production of roughly 830,000 barrels per day for the next seven years.
KuMaZa surpassed Cantarell as the country's largest producer earlier this year, but Pemex was expecting it to begin declining as early as next year and fall to 600,000 barrels per day by 2016.
Pemex has seen output drop by a fifth since 2004, reducing crude exports to the US, said a Dow Jones Newswire report.