Source: Market News - Mexico's state-owned oil company Pemex Friday said it expects a "slight" increase in crude oil output next year as new performance-based contracts will be launched within weeks and the unconventional Chicontepec field will substantially increase output in 2011.
Pemex officials predicted the slight increase in a conference call with investors after the company was able to stabilize production in 2010's third quarter at 2.567 million barrels per day (bpd), the same figure as 3Q 2009. Previously, crude output had dropped by close to one quarter between 2004 and 2010.
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Pemex officials predicted the slight increase in a conference call with investors after the company was able to stabilize production in 2010's third quarter at 2.567 million barrels per day (bpd), the same figure as 3Q 2009. Previously, crude output had dropped by close to one quarter between 2004 and 2010.
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