Pemex’ crude oil and natural gas production fall sequentially in Nov. 2024

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 26.Dec.2024) — Petróleos Mexicanos’ combined crude oil and condensate production with partners averaged 1.673 million barrels per day (MMb/d) in Nov. 2024, down sequentially from 1.718 MMb/d in Oct. 2024 and down from 1.829 MMb/d in Jan. 2024, state-owned Pemex announced in a Nov. 2024 statement on its website.

This compares to average oil and condensate production of 1.875 MMb/d in 2023 and 1.701 MMb/d in 2019, according to data in the statement.

The bulk of the oil and condensate production in Nov. 2024 came from offshore (65%) with smaller amounts in southern (27%) and northern (8%) regions of the Latin American country.