Crude Oil and Condensate Production โ - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
Measured in million barrels per day, the dataset reflects the volume of crude oil and condensate produced from domestic oil fields, making it an important indicator of upstream petroleum activity, resource development, production capacity, and national energy supply.
Mexico produced 2.27 million barrels per day of crude oil and condensate in 2015, declining to 2.15 million barrels per day in 2016 and 1.95 million barrels per day in 2017. Production continued to decrease to 1.83 million barrels per day in 2018 and 1.70 million barrels per day in 2019, reflecting lower output from mature oil fields and reduced production capacity. In 2020, production stabilized at 1.71 million barrels per day, followed by gradual improvements to 1.76 million barrels per day in 2021 and 1.79 million barrels per day in 2022. Output increased further to 1.88 million barrels per day in 2023, marking the highest production level since 2018 and indicating a modest recovery supported by new developments and production optimization initiatives.
Overall, the dataset illustrates an overall decline in Mexico's crude oil and condensate production during the first half of the review period, followed by gradual stabilization and recovery after 2020. Although production remains below the levels recorded in 2015, the recent upward trend suggests improving operational performance and renewed efforts to strengthen domestic oil output. The dataset provides valuable insights for monitoring production performance, evaluating upstream investment, forecasting supply trends, supporting energy policy formulation, and assessing the long-term development of Mexico's petroleum sector for policymakers, researchers, investors, and industry stakeholders.