Ann: Block 9 Commencement of Alameda-3 drilling, page-290

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Hawarani

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01/01/24

13:27

Post #: 71681332
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Originally posted by Sharetrader78 ↑

Still lower Sulfur than MAYA crude APi low 20s with its S above 3% that is priced at $73.33 at present with Doz of Oil refineries in the region set-up to take the oil..

one of the major discoveries in the region

The Cantarell field, discovered in 1976, is one of the largest oil fields in the world. This oil giant is a mature field and has produced over 7,800 million barrels of oil during 22 years of exploitation...

Maya is a heavy, high-sulfur grade—22 degrees API gravity (see Don’t Let Your Crude Oils Grow Up To Be Condensates for more on API gravity) and 3.5% sulfur—that makes up about 49% of total Mexican production and 78% of total Mexican crude exports. PEMEX’s own refineries largely lack the upgrading capacity to effectively process Maya; historically its natural market and primary destination has been coking refineries on the U.S. Gulf Coast. (See Complex Refining 101 for more on refinery upgrading processes.) Despite the fact that Maya production accounts for just under half of Mexico’s oil output, the heavy crude is produced within a relatively small area. “True” Maya crude is produced from the Cantarell Field, a once highly productive offshore area in the Bay of Campeche

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Great post Sharetrader, the first on May for 2024 had heaps of views and thumbs up and not one shooting you down or critizing your post ..I think its going to be a BIG year for May...

MAY Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
13 Upvote

0 Great analysis

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