Puerto Vallarta News

Puerto Vallarta News

Pemex sees oil output boost from looming joint ventures

Mexican state oil company Pemex expects to boost crude output over the next few years with a handful of joint ventures that will focus on onshore and offshore fields, a company official said, outlining areas it will seek to develop with outside producers.

New production from the future joint ventures, or farm outs, is forecast to add about 400,000 barrels in new daily crude output and bring the company's total to about 2.5 million barrels per day (bpd) in 2022, according to a presentation to investors published earlier this year.

Pemex's press office said this week . . .

Read Full Story

Related Posts

Mother and son killed in El Pitillal home, Puerto Vallarta

Mother and son killed in El Pitillal home, Puerto Vallarta

Police in Puerto Vallarta found a 73-year-old woman and her 47-year-old son dead in El...
Man dies after ravine fall in Caletas near Vallarta

Man dies after ravine fall in Caletas near Vallarta

An adult man died after falling into a ravine in Caletas and was rushed by...
Yucatán sargassum biofertilizers

Quintana Roo’s Sargassum Crisis Now Poses Health Risks

Decomposing sargassum on Quintana Roo’s beaches releases toxic gases and contaminants—adding health dangers to an...
mexico cartel extradition

Mexico Transfers 37 High-Risk Cartel Suspects to US Custody

Mexico has handed 37 alleged cartel members to U.S. custody, calling them a security threat....