Without sufficient investments in oil field development and the use of new, advanced technologies, Mexico faces becoming a net oil importer in 10 years.
Mexico’s oil production peaked at about 3.9 million b/d in 2004. Since 2005, output has fallen by more than 25% to 2.98 million b/d in 2010.
Saturday, April 30, 2011
Mexico Could Be Net Oil Importer Within 10 Years
From the Oil and Gas Journal:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment