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Keep Your Eye On The Prize

Monday, December 28, 2009, 11:55 AM
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If you recall, about a month ago I was very skeptical of some remarks by a Mexican official about the supposed turn-around in the oil production figures that were being touted for October.

I thought they were entirely too premature and that the data did not support such bold claims as were being made at the time.  The reasons were simple:  Geology has been most unkind to both the aging Cantarell field and to the new Chicontepec field, which is far more complicated and difficult than originally claimed.

Then I consulted a friend of mine who lives in Mexico and tracks such things quite carefully, and he provided this remarkable picture of Mexican oil production, which tells the entire tale:

 

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