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  • World of Oil


    Kurt S. Abraham, Managing/International Editor

    Mexico’s Pemex said that it set a monthly gas output record in February, averaging 5.81 Bcfd. Average gas output during January-February increased to 5.77 Bcfd, up 14% from the same period in 2006. The gain was attributed to higher output for both associated and non-associated gas. For all of 2006, Pemex’s gas output averaged 5.36 Bcfd, up 11% from 2005. The three producing areas included the northern region (2.23 Bcfgd), the marine region, Sonda de Campeche (1.78 Bcfgd) and the southern region (1.35 Bcfgd). Japanese firms to spend on Indonesian field Japan Petroleum Exploration Co. (Japex) and Mitsubishi Corp. said they will spend $400 million to increase output from Indonesia's Kangean oil and gas field in East Java. The firms announced the figure after buying 50% of the block for $360 million from PT Energi Mega Persada (EMP). The 50% stake is split evenly between the two companies...

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