In 2008, Pemex expected Cantarell's decline to continue to 2012 and eventually stabilizing at an output level of around . By September 2009 this figure was already achieved, marking one of the most dramatic declines ever seen in the oil industry. Production was now expected to stabilize at . However the production declined to by April 2012. The shortfall had a negative effect on Mexico's annual government budget and sovereign-credit rating. Production continued to decline and production was at 340,000 barrels per day in June 2014. Pemex planned to spend 6 billion US dollars until 2017 to stop the decline and maintain production level at around 325,000 barrels per day for another decade. Production continued to decline, reaching 159,300 barrels per day in 2019.