Slumber No More: Floating LNG Set To Awaken Deepwater Mexican Gas Giant

Journal of Petroleum Technology 

US-based New Fortress Energy (NFE) confirmed on 22 November it had finalized agreements with Mexican state-owned oil company Pemex to develop the Lakach gas field offshore Mexico as a floating liquefied natural gas project. Pemex suspended further development of the field, which it discovered in 2007, amid oil price declines in 2014. The field is believed to be able to yield about 10 years of production, with the possibility of extending the reserve life if nearby Kunah and Piklis fields are developed. The area around Lakach, when coupled with these two fields, has a total resource potential of 3.3 TCF, according to NFE. "Pemex is pleased to finalize this strategic partnership with NFE, a leading energy infrastructure company," said Octavio Romero Oropeza, CEO of Pemex. "We believe this partnership will enable Pemex to efficiently leverage our domestic natural gas resources, fulfill Mexico's security of supply targets, and facilitate gas-fired power infrastructure development in the region."

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