Mexico's National Hydrocarbons Commission CNH announced on Tuesday that the nation's total proven hydrocarbon reserves, encompassing both crude oil and natural gas, have increased to 8.383 billion barrels of crude oil equivalent
Mexico 's National Hydrocarbons Commission CNH announced on Tuesday that the nation's total proven hydrocarbon reserves, encompassing both crude oil and natural gas, have increased to 8.383 billion barrels of crude oil equivalent. This marks a significant development in the annual reserves data. This total aggregates the reserves held by state energy giant Pemex and other entities that entered the market following Mexico 's landmark energy reforms.
However, proven natural gas reserves saw a significant increase, rising to 12.297 trillion cubic feet from 11.029 trillion cubic feet. The shift in reserves is indicative of broader trends in Mexico's energy strategy. While crude oil remains a crucial component of Mexico's energy portfolio, the country is increasingly turning its focus to natural gas and renewable energy sources.
Oil Gas Upstream Reserves P1 Proven Reserves
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