Home » Business » The nation reversed the autumn in oil reserves

The nation reversed the autumn in oil reserves

Mexico Metropolis. The nation’s whole hydrocarbon reserves totaled 23,146 million barrels of crude oil equal in 2023, a determine that not solely meant an advance of 0.28 % in comparison with 2022, but in addition for the second consecutive yr the decline development was reversed, reported the Nationwide Hydrocarbons Fee (CNH).

Within the thirty seventh peculiar session of the regulatory physique, Alan Isaak Barkley Velásquez, normal director of reserves of the technical extraction unit, identified that in 2022 the downward development that has existed since 2013 will cease.

In keeping with knowledge launched this Tuesday, in whole there are 793 fields with reserves within the nation, of which 86.6 % are operated by Petróleos Mexicanos (Pemex) and 13.4 % by personal corporations.

As of January 1, 2024, whole reserves elevated by 65 million crude oil equivalents, after the CNH recorded 23,81 million at the start of 2023.

The confirmed reserves or 1P, which have 90 % success throughout extraction and are thought-about essentially the most actual, totaled 8,383 million barrels of crude oil equal in 2023, a determine that translated into a rise of 221 million or 2.70 %. % in comparison with the 8,162 million barrels of crude oil equal reported as of January 1, 2023.

It’s the highest determine since 2020, after within the final 5 years the bottom knowledge was reported in 2021 with 7,985 million barrels of crude oil equal.

The possible or 2P amounted to 7,147 million barrels of crude oil equal, an quantity that confirmed a rise of 171 million barrels of crude equal or 2.45 % in comparison with the 2022 determine.

The potential or 3P reserves had been situated at 7,617 million barrels of crude oil equal, the information represented a discount of 326 million or 4.10 % in comparison with 2022.

The official highlighted that the potential reserves had been recategorized to extra sure ones, as a result of methods and progress of the event plans.

He famous that the Maloob, Quesqui and Zaap fields – all owned by Pemex – produced a complete of 320 million barrels of oil equal final yr, a determine that represents nearly a 3rd of nationwide manufacturing, which was 961 million barrels.

He highlighted that Campeche, Veracruz and Tabasco focus 87.2 % of those assets.

The great restitution charge of whole reserves – confirmed, possible and potential – which incorporates incorporation of latest ones, delimitation of current ones, revisions of the identical among the many manufacturing of every yr, was 106.8 %, an annual deceleration, since in 2022 it was 204.3 %.

The restitution charge solely for discoveries was 45.4 %, much less dynamic in comparison with 2022, when it was 137 %.

Commissioner José Alfonso Pascual Solórzano Fraga commented that with this Mexico ensures that it’s going to have crude oil for 10 or 30 years within the refineries.


#nation #reversed #fall #oil #reserves
– 2024-06-16 18:57:18

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.