Cantarell, the fading jewel of Mexico's oil industry, produced 60% of Mexico's crude for years, but production has slid rapidly from peaks of around 2 million bpd in 2004.

February's average monthly output was 24% lower than what Cantarell was producing in February 2007.

The sprawling offshore field, which state-run oil monopoly Pemex now sees declining at an annual rate of around 15%, produced an average of 1.243