Mexico’s Pemex plans to book as reserves more than 20 billion boe via exploration and increased recovery factors, allowing it to achieve its December 2024 production goal of 2.6 million b/d, the state company said Friday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We are putting a magnifying glass on opportunities near existing producing areas,” said Francisco Flamenco, Pemex’s technical deputy director for hydrocarbon extraction, at a presentation Friday at the Mexican Petroleum Congress. The company will incorporate 12 billion boe in new reserves by increasing the recovery factor of mature fields through enhanced and secondary oil recovery, Flamenco said. Pemex is evaluating the use of air, steam, CO2, foam and smart […]