Highlights 80% of work to develop 20 new fields awarded Company will develop every discovery it finds going forward Lopez Obrador says NOC will be more efficient than private operators Mexico City — Pemex has stabilized its crude oil production at 1.68 million b/d in March and expects to raise it by the end of the year as the state-owned Mexican oil company boosts drilling activity by 200% year on year in 2019, according to CEO Octavio Romero Oropeza. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “According to the company’s technical team, we have stopped our [oil production] decrease … and we can expect an increase [in output] starting this year,” Romero said Monday at the commemoration of Mexico’s nationalization of its oil industry. Pemex will drill 506 wells in 2019, compared with 80 wells in 2018, which would be its highest level since […]