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Mexico was the seventh-largest oil producer in the world as of 2006, producing 3.71 million barrels per day (590 × 10 ^ 3 m 3 /d) of petroleum products, of which 3.25 million barrels per day (517 × 10 ^ 3 m 3 /d) was crude oil. Mexican oil production has started to decline rapidly.
Cantarell Field is the largest oil field in Mexico and one of the largest in the world producing. As of Jan 2001, Mexico has approximately 10.42 billion barrels (1.657 × 10 ^ 9 m 3) in proven oil reserves. [49] In November 2006, Pemex reported that Cantarell has produced 11.492 billion barrels (1.8271 × 10 ^ 9 m 3) of oil. [50]
Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop. In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to
In terms of cumulative production to date, it was the largest oil field in Mexico, and one of the largest in the world. However, production has declined since 2004, falling to 158,300 barrels per day (25,200 m 3 /d) in 2022. In 2009 it was superseded by Ku-Maloob-Zaap as Mexico's largest oil field. [6]
This article includes a chart representing proven reserves ... By default countries are ranked by their total proven oil reserves. ... Mexico: 10,260,000,000: 1 ...
Mexico has the seventeenth largest oil reserves in the world, and it is the fourth largest oil producer in the Western Hemisphere behind the United States, Canada and Brazil. [5] [6] Mexico is a member of OPEC+ and the North American Free Trade Agreement. The petroleum sector is a significant contributor to the Mexican economy, with oil ...
Most of the world's largest oilfields are located in the Middle East, but there are also supergiant (>10 billion bbls) oilfields in Brazil, Mexico, Venezuela, Kazakhstan, and Russia. Amounts listed below, in billions of barrels, are the estimated ultimate recoverable petroleum resources (proved reserves plus cumulative production), given ...
Mexico is the fourteenth-largest oil producer in the world, with 1,710,303 barrels per day (271,916.4 m 3 /d). [200] Pemex, the state-owned company in charge of administering research, exploration and sales of oil, is the largest company in Mexico, and the second largest in Latin America after Brazil's Petrobras. [201]