Jan 5 Exports of Mexico's Maya heavy crude oil
blend are expected to fall by more than 10 percent in 2011 due
to increased domestic demand and a lack of new production.
(For related story: [ID:nN05219171])
Following are facts about Maya crude:
* Maya is a heavy crude oil with an API specific gravity
between 21 and 22 degrees, meaning only the most sophisticated
refineries are capable of profitably processing it.
* Maya is a blend of crude oils from the Cantarell and Ku
Maloob Zaap oil fields. The discovery of Cantarell, once one of
the world's most prolific oil fields, turned Mexico into a
major oil exporter in the 1980s.
* Exports peaked at 1.622 million barrels per day in 2004
after a major redevelopment of Cantarell lifted output from the
field above 2 million bpd. But production and exports have
fallen sharply since then as Cantarell has lost production
* New production from Ku Maloob Zaap has partially offset
the decline of Cantarell, but exports slipped to 968,000 bpd in
the first 11 months of 2010. Overseas sales will fall by at
least 110,000 bpd in 2011 due to the expansion of Mexico's
* Valero (444,000 bpd), ExxonMobil^ (145,000 bpd), and
Chevron (102,000 bpd) were the top Maya non-Pemex affiliated
Maya buyers in October 2010, according to the U.S. government.
The Shell-Pemex Deer Park joint venture refinery near Houston
processed 243,000 bpd of Maya in October while Mexican
refineries averaged 453,000 bpd processed in the first 11
months of 2010.
(^ including Chalmette Refining joint venture)
(Reporting by Robert Campbell; Editing by Marguerita Choy)