Mexico's June oil output at Cantarell falls to 4-year low

Aug 01, 2006 02:00 AM

Mexican crude oil output at the nation's largest field, Cantarell, fell in June to the lowest in more than four years.
Cantarell, which accounts for half of Mexico's oil production, yielded 1.74 mm bpd in June, a 13 % decline from a year ago, according to the Energy Ministry.

Petroleos Mexicanos, the country's oil monopoly, estimated this year Cantarell output would decline 6 % this year to average 1.9 mm bpd.

Source: Bloomberg
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