Pemex will invest 1.5 billion dollars in the reactivation of the Lakach gas field, located in deep waters off the coast of Veracruz.
After remaining suspended for a period of six years, the state oil company decided to reactivate the asset in partnership with the North American company New Foster Energy.
The director of Pemex, Octavio Romero Oropeza announced the signing of a letter of intent between both companies during the inauguration ceremony of the Dos Bocas refinery (Olmeca).
“After making an investment of 1.4 billion dollars, this project was suspended for more than six years. We are pleased to announce that we have agreed to resume this project… which will start production in July 2023, for which we will sign a letter of intent today,” he explained.
He indicated that the Lakach non-associated gas field is located off the coast of Veracruz, in deep waters, and It has a reserve of 900 billion cubic feet of hydrocarbon. Its reactivation will be possible thanks to the collaboration of the states and government regulatory bodies.
The asset was discovered with the drilling and testing of the Lakach-1 well, which began drilling on July 10, 2006. The well produced wet gas.
Originally it was stated that the main objective of the Lakach strategic development project was to “reduce imports of natural gas and liquefied natural gas, as a producer of wet gas; contributing 6% to the daily national production of natural gas, thereby It will contribute to guaranteeing the energy security of the country”.
Additionally, the infrastructure of this project will serve for the exploitation of hydrocarbons from other fields such as Piklis, Nen and Kunah, with the possibility of shortening the time between discovery and first production.
This gas plant is the first to operate in deep waters in Mexico
Lakach was considered the first gas field to be developed in deep waters and was presented as a viable and attractive option to help increase the supply of natural gas, since It could provide up to 400 million cubic feet per day as maximum production to the national market.
The event also included the signing of a contract with the company Ica Fluor for the construction of the coking plant at the Salina Cruz refinery in Oaxaca, for an amount of three thousand 18 million dollars.