Mexico’s state oil and gas giant Petróleos Mexicanos, or Pemex, reported a 7.5% year/year drop in natural gas production in the first quarter as the country’s aging offshore oil fields showed weaker output.

Natural gas production, including from partners, was 3.836 Bcf/d in the first quarter, down 312 MMcf/d compared to the comparable period in 2023, management said during the first quarter earnings call.

Associated gas production declined considerably, down by 12.5% year/year to 1.952 MMcf/d in the quarter. During the call, executives attributed the drop to declines at the offshore Akal and Ku fields.

Non-associated gas dropped by 33 MMcf/d to 1.884 Bcf/d in the quarter. The drop was primarily due to lower production at the Quesqui field, which is considered one of