MEXICO CITY, May 8 (Reuters) -
Mexican state energy company Pemex plans to reopen old wells
in a bid to squeeze more barrels out of them to boost declining
production, according to two documents and four sources, as it
struggles to reach an ambitious government target.
Earlier this week, Pemex said in a filing to the United
States Securities and Exchange Commission that it expects
production to fall to 1.58 million barrels per day (bpd) this
year rather than the 1.8 million bpd officials have consistently
touted.