Tag Archives: Carlos Morales

Pemex acknowledges production losses from security situation

In an interview, Carlos Morales Gil, the head of production and exploration for Pemex, acknowledged that the state oil company has had to shut in gas production of 150,000 cubic feet/day in the Burgos basin south of the Texas border because of the inability to ensure the security of some of the gas wells. (At US$3.50 per cu.ft., the lost production is the equivalent of US$525,000 per day.) Morales said there had been no news of the six Pemex employees who were kidnapped on May 23d.  “We’ve increased security, together with the Ministry of Defense, in the installations in the northeastern zone of the country, which has allowed us to partially recover the production that was reduced. However, there are zones where it is not safe to go, because of the crime threats to our people,” he said. (Reforma 11/10)