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Mexico's Cantarell oil field posts record low oil production

Xinhua, November 6, 2015 Adjust font size:

The Cantarell oil field -- an aging supergiant oil field in Mexico -- saw its lowest production in over 30 years with an output of 206,000 barrels per day in October, said PEMEX Exploration and Production (PEP) on Thursday.

In its latest weekly report, Pemex said that Cantarell was producing 256,000 bpd at the beginning of 2015, its lowest level since 2004, sparking fears that Mexico's most productive field was running out of oil.

In its most splendid days, Cantarell would produce a record 2.2 million bpd in 2003.

The report released on Thursday showed that the Ku-Maloob-Zaap oil field is leading the country with an output of 853,000 bpd. Endi