In an interview with the media on August 5, Carol Morales, head of exploration and production at Moko, said: “We need more rigs than we are currently using. We are likely to re-research this year. All contracts expired."
Hector Moreira, a member of the Mexican National Petroleum Corporation’s board of directors based in Mexico City, said on July 19 that the company had recently proposed a budget of 400 billion pesos ($31.6 billion) in 2011. As the second largest crude oil supplier to the United States, Mexico intends to increase its daily oil production to 3.3 million barrels by 2024 in order to make up for the decline in oil production at the Cantarel oil field, an aging marine giant.
U.S. Oil plans to increase the number of offshore drilling rigs to 60
As the largest oil producer in Latin America, Mexican National Oil Corporation (Petroco/Pemex) proposed a larger budget proposal to prevent the decline of domestic oil production, Mokos plans to increase the number of marine drilling rigs it leased from 52. To 60.