Cantarell details

I was looking for some numbers on the decline of the Mexican giant oilfield Cantarell. They are not good:

At Cantarell, where a drop in pressure is making it more difficult and costly to extract oil, the company pumped 1.017 million barrels a day, down 35 percent from a year earlier and the fastest rate of decline in 12 years, Pemex said. The company is pumping 33 percent more from the Ku-Maloob-Zaap field to make up for the decline at Cantarell.

Cantarell is the third largest field in the world, and it is to Mexico what Ghawar is to Saudi Arabia. As Mexico was the number two exporter to the US in 2007, the decline in this field is painful.