May is a producing conventional gas field located in shallow water in Mexico and is operated by Petroleos Mexicanos. The field is located in block A-0210-May, with water depth of 39 feet.
Field participation details
The field is owned by Petroleos Mexicanos.
Production from May
The May conventional gas field recovered 90.70% of its total recoverable reserves, with peak production in 2012. The peak production was approximately 51.08 thousand bpd of crude oil and condensate and 361 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2028. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 33.22 Mmboe, comprised of 17.23 Mmbbl of crude oil & condensate and 95.91 bcf of natural gas reserves. May conventional gas field reserves accounts 0.01% of total remaining reserves of producing conventional gas fields globally.
About Petroleos Mexicanos
Petroleos Mexicanos (PEMEX) is a state-owned integrated oil and gas company. It operates across the value chain of oil and gas industry, from exploration and production to processing, logistics, and marketing. The company also produces and distributes a wide range of petrochemical products. PEMEX owns and operates oil refineries, petrochemical and gas processing complexes, land and maritime terminals, oil and gas pipelines, maritime vessels, and fleet of road transportation. The company sells gasoline and diesel in the domestic market through gas service stations under the PEMEX brand. It also exports crude oil, natural gas, petroleum and petrochemical products to international markets. PEMEX is headquartered in Mexico City, Mexico.
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.