EXPANDING LIGHT CRUDE PRODUCTIONIn 1995, light crude accounted for 53% of total crude oil production. Since then, the proportion has been steadily declining to its present level of about 34%. The main reason was the heavy emphasis placed by Petr�leos Mexicanos (Pemex) in recent years on developing the Cantarell field, a major producer of heavy crude. Over the next 5 years, however, Pemex will invest 42 billion dollars in expanding its production capacity for light crude from its current level of 1.13 mb/d (million barrels per day) to 1.6 mb/d by 2006. Given a projected total crude oil production of 4 mb/d in 2006 (compared with 3.1 mb/d at present), this would boost the proportion of light crude to 40%. NEW GAS TERMINAL IN BAJAShell Gas & Power, a subsidiary of U.K.-based Shell, is building a new "regasification" terminal for liquid natural gas (LNG) in Baja California. The plant will enable Shell to sell gas to energy plants and other potential users in both Baja California and the southern part of California. In the first phase, the plant will require 7.5 million metric tons of LNG a year, which will be supplied by tanker from projects in Asia. Costing an estimated 500 million dollars, and due to come on stream by 2006, the plant will have the capacity to supply up to 1.3 bcf/d (billion cubic feet per day). RELATED NEWS Demand for natural gas is rising very rapidly. The Burgos Project, begun in 1994, enabled production to be increased from 3.625 bcf/d to 4.5 bcf/d. Pemex already has projects in the pipeline which should raise this figure to 6.9 bcf/d by 2006.
Look at this mess. Can anyone guess what they are talking about? Is mb/d suppose to be million barrels per day and bcf/d suppose to mean billion cubic feet per day? I'm just guessing. I'm not really sure.
From: http://wwwmexconnect.com/MEX/lloyds/llydeco0502.html
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