Currently viewing the tag: "Reserve Replacement"

Last weekend, President Calderón used the occasion of the inauguration of the Bicentenario rig to make the announcement that Pemex had achieved its goal of bringing 1P reserve replacement above 100%, to 101.1% for 2011, saying at the time:

“We have achieved our aim proposed many years ago. This means Pemex’s production is now […]

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At a speech in Mexico City this week, CEO of Pemex Juan José Suarez Coppel reiterated the three main aims of Pemex in taking steps towards becoming a competitive oil and gas company: increasing the NOC’s reserve replacement ratio, whilst simultaneously increasing production and making all the company’s business lines profitable. However, he also […]

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