Tuesday, March 10, 2009
The Oil Drum | Mexico: A Collapse Update
The Oil Drum | Mexico: A Collapse Update: "As the downside of nitrogen injection in the Cantarell field becomes apparent, it is difficult to see the nitrogen injection ramp up in he KMZ field having any medium or long range benefits to the Mexican economy. As Cantarell has fallen from 905 million barrels in 2004 to 430 million barrels in 2008, the decline in the next two years is very clear. Even Pemex has recently predicted 255.5 million barrels in 09. Propping up oil production with nitrogen injection leads to a cataclysmic decline in only a few years as the experience of the Cantarell field shows."
Monday, March 09, 2009
Sunday, March 08, 2009
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