Pemex plans to reopen mature oil wells to counter a steady decline in production, aiming for 1.8 million barrels per day ...

Mexican state energy company Pemex plans to reopen old wells in a bid to squeeze more barrels out of them to boost declining ...

This move comes as the company faces challenges in meeting the Mexican Government's production target of 1.8mbbl/d.

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According to four sources and two documents, the Mexican energy company Pemex is planning to reopen some old wells to increase production.

By Stefanie Eschenbacher, Adriana Barrera and Ana Isabel Martinez MEXICO CITY (Reuters) -Mexican state energy company Pemex ...