Mexico state oil company Pemex expects to close 2018 by producing 1.98 million b/d of crude oil, 140,000 b/d more than March’s reported production, allowing it to achieve its annual production goal of 1.951 million b/d, the company’s management said Friday during its first-quarter earnings call. Ulises Hernandez, director of resource and associations with Pemex’s downstream division, said the construction of new shallow-water and onshore midstream infrastructure would allow for increasing Pemex’s production. Also, the reactivation of close to 200 onshore wells will allow Pemex to have a considerable production boost, Hernandez said. The company’s 2019 production goal is 1.953 million b/d, he added. During the first quarter of 2018, Pemex production averaged 1.890 million b/d, 128,000 b/d less than in the same quarter in 2017. “This decrease was mainly a result of high inventories at storage facilities due to adverse weather conditions that precluded some deliveries for safety […]