(Adds January crude exports, paragraphs 3-5)
MEXICO CITY Feb 24 Mexican national oil company
Pemex produced 10.6 percent less crude oil in January than in
the same month last year, the company said.
January crude output averaged 2.02 million barrels per day
(bpd), down from 2.26 million bpd during the same month in 2016,
according to company data released on Friday.
Meanwhile, crude oil exports were down 3 percent in January
compared to the year-ago period.
Shipments for the month averaged nearly 1.09 million bpd,
compared to 1.12 million bpd exported in January 2016.
About half of Mexico's crude exports currently go to the
The Mexican government is in the midst of implementing a
sweeping energy reform finalized in 2014 that ended the
decades-long production monopoly enjoyed by Pemex, formally
known as Petroleos Mexicanos.
The reform also paved the way for first-ever oil auctions
open to private and foreign producers, four of which were
concluded last year. While a range of oil companies won the
blocks on offer, significant streams of new output are not
expected for at least several years.
Mexico's oil regulator, the administrator of the auctions,
is expected to oversee three auctions covering a mix of shallow
water and onshore fields, in addition to a deep water auction
over the course of this year.
Mexican crude output has declined over the past dozen years
from a peak of 3.4 million barrels per day in 2014.
The government expects crude production to average 1.94
million bpd this year, and between 1.9 million to 2.0 million
bpd in 2018.
(Reporting by David Alire Garcia; editing by David Gregorio)