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9 comments on Reserve Appreciation And Incremental Flows

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jkissing on November 15, 2005 - 7:33pm Permalink | Subthread | Parent | Comments top
I read somewhere that Mexican investment in their fields is nearly zero. I would expect production there to begin declining very soon. Venezuela already has, and this looks set to continue because nobody wants to invest there now.
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peakearl on November 15, 2005 - 8:22pm Permalink | Subthread | Parent | Comments top
Mexico increased from 2000 to 2003 rapidly, then flattened from 2003 to 2004, and has declined this year. Specifically, it looks like a peak in mid 2004, with a decline pattern for about the last 18 mos based on PEMEX data. I'm pretty convinced they are already in terminal decline.
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