(Energy Analytics Institute, Jared Yamin, 12.Apr.2019) — Mexico’s National Hydrocarbons Commission (CNH by its Spanish acronym) announced the country’s combined proved (1P) natural gas and crude oil reserves fell 6.9% to 7.9 billion barrels of oil equivalent (Bn boe) in 2019 compared to 8.5 Bn boe in 2018, the agency announced April 12 (see Table 1).

Based on current production, the country has enough 1P oil and gas reserves to last for another 8.5 years, CNH said.

Mexico’s 1P oil reserves fell 6.2% to 6.1 billion barrels (Bn bbls) in 2019 compared to 6.5 Bn bbls in 2018, while the country’s 1P gas reserves fell 3.7% to 9.7 trillion cubic feet (Tcf) compared to 10 Tcf, respectively.

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