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Mexico; state of the exploration for oil and gas

Alfredo E. Guzman
Mexico; state of the exploration for oil and gas (in Papers presented at the 32nd annual GCSSEPM Foundation Bob F. Perkins research conference; New understanding of the petroleum systems of continental margins of the world, Norman C. Rosen (editor), Paul Weimer (editor), Sylvia Maria Coutes dos Anjos (editor), Sverre Henrickson (editor), Edmundo Marques (editor), Mike Mayall (editor), Richard Fillon (editor), Tony D'Agostino (editor), Art Saller (editor), Kurt Campion (editor), Tim Huang (editor), Rick Sarg (editor) and Fred Schroeder (editor))
Papers presented at the Gulf Coast Section, Society of Economic Paleontologists and Mineralogists Foundation Annual Bob F. Perkins Research Conference (2012) 32: 4-24

Abstract

Of all the countries in the world considered to be oil rich, Mexico is the only one that consistently has been losing production and reserves in the last ten years. Even though Mexico has five major producing provinces: two for oil (the Southeast and the Tampico-Misantla basins) and three for gas (the Sabinas, Burgos and Veracruz basins), and has seven more with potential, (California, Gulf of Cortes, Chihuahua, Sierra Madre Oriental, Sierra de Chiapas, Progreso shelf, and the deep Gulf of Mexico), its output and reserves have declined consistently. Many reasons can be attributed for these results, and as this note proves, least of them is the country's endowment of oil and gas resources. The problem is that Mexico, since 1938, has had only one oil company responsible for all of its upstream activities and even though Pemex's performance is comparable with that of most of the majors' (it is world's third largest in terms of production), it is impossible that all the remaining potential of the entire country can be found and produced with only one company, no matter how large, wealthy, efficient, technologically advanced, and successful it can be. The good news is that once the country opens up for third-party participation in exploration, which will eventually take place, results are going to be spectacular. So far there has only been a timid opening for development and exploitation opportunities.


ISSN: 1544-2462
Serial Title: Papers presented at the Gulf Coast Section, Society of Economic Paleontologists and Mineralogists Foundation Annual Bob F. Perkins Research Conference
Serial Volume: 32
Title: Mexico; state of the exploration for oil and gas
Title: Papers presented at the 32nd annual GCSSEPM Foundation Bob F. Perkins research conference; New understanding of the petroleum systems of continental margins of the world
Author(s): Guzman, Alfredo E.
Author(s): Rosen, Norman C.editor
Author(s): Weimer, Pauleditor
Author(s): Coutes dos Anjos, Sylvia Mariaeditor
Author(s): Henrickson, Sverreeditor
Author(s): Marques, Edmundoeditor
Author(s): Mayall, Mikeeditor
Author(s): Fillon, Richardeditor
Author(s): D'Agostino, Tonyeditor
Author(s): Saller, Arteditor
Author(s): Campion, Kurteditor
Author(s): Huang, Timeditor
Author(s): Sarg, Rickeditor
Author(s): Schroeder, Frededitor
Affiliation: Consultant, Poza Rica, Mexico
Pages: 4-24
Published: 2012
Text Language: English
Publisher: Society of Economic Paleontologists, Gulf Coast Section (GCSSEPM) Foundation, Houston, TX, United States
ISBN: 978-0-9836097-8-0
Meeting name: 32nd annual GCSSEPM Foundation Bob F. Perkins research conference
Meeting location: Houston, TX, USA, United States
Meeting date: 20121202Dec. 2-5, 2012
Accession Number: 2017-003512
Categories: Economic geology, geology of energy sources
Document Type: Serial Conference document
Bibliographic Level: Analytic
Illustration Description: illus. incl. sect., 2 tables, geol. sketch maps
N14°30'00" - N32°43'00", W117°00'00" - W86°45'00"
Country of Publication: United States
Secondary Affiliation: GeoRef, Copyright 2017, American Geosciences Institute.
Update Code: 201704
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