Chicontepec field to rise to 40,000 barrels of oil per day

Mexico’s state oil company Petroleos Mexicanos (PEMEX) expects production at its Chicontepec field to rise to 40,000 barrels per day (bpd) by the end of 2009, a Pemex official said Wednesday.

“It will be close to 40 (thousand bpd) by the end of this year,” Jesus Puente Trevino, advisor to the general director of Pemex, told reporters on the sidelines of Deloitte’s 2009 Oil & Gas Conference.

Chicontepec, which was producing 29,000 bpd in September, is a focus of long-term Pemex efforts to increase production as major fields including Cantarell decline.

  • Pemex plans to drill 20,000 wells in Chicontepec between now and 2027.
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