Mexico’s largest challenge is replacing mature fields, which provide over 70% of oil output Shell, Petronas, Qatar Petroleum expected to be largest private investors over the coming years Mexico City — If Mexico halts auctions for two years as President Andres Manuel Lopez Obrador plans, its crude output will only reach 2.46 million b/d by 2027, not 3.07 million b/d, the previous administration said in a transition report. If the auctions continue, Mexico would produce 7 Bcf/d of natural gas by 2028, 640 MMcf/d more than if the lease sales are shelved for two years, the report, which was released on Saturday, showed. According to the report, an indefinite cancellation of the auctions would lead to Mexico’s crude output falling to 1.75 million b/d by 2030. If the tenders are not deferred, half of Mexico’s 2.9 […]