Mexico’s Energy Future: An In-Depth Analysis of Oil Production
In a recent and revealing presentation on the crisis and opportunity facing the Mexican energy sector, a detailed overview was presented regarding the urgent need to increase oil production in the country. This analysis not only addresses the current challenge but also highlights a reality little known to the general public: Mexico is an exceptionally rich nation in oil and gas reserves.
The speaker firmly argued that Mexico’s underground resources are comparable to global giants such as Venezuela’s Orinoco Belt (Faja del Orinoco). Although many citizens are unaware of this magnitude, the nation’s hydrocarbon potential is immense.
The Historical Challenge and Forgotten Reserves
Despite historical fluctuations in production (with important peaks in the past, such as the 3.4 million barrels per day achieved through the development of onshore and offshore fields starting in the 1980s), the country is at a critical juncture. Production has declined drastically in recent decades, making it essential to capitalize on the intact geological wealth.
A central focus of the presentation was the vast potential of the Chicontepec Basin, where important projects were previously designed to develop its producing sands. However, the most strategic and least exploited resource is shale oil.
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