Pemex, New Fortress Energy sign agreement to restart Lakach offshore gas project

Petróleos Mexicanos (Pemex), Mexico’s state-owned oil and gas company, plans to restart production after a six-year suspension at its Lakach deepwater gas field off the coast of Veracruz. Pemex has signed a letter of intent to work with New Fortress Energy on the project. According to a statement from the company, the field has a reserve of 900bn cubic feet.

Pemex CEO Octavio Romero Oropeza said on July 1 that, “with the collaboration of the entities and regulatory bodies of the federal government, this project will finally start production in July 2023.”

Romero Oropeza noted that $1.5bn will be invested in the project. This follows a previous $1.4bn investment that led to “null results,” according to the company’s statement.

Kim Biggar

Kim Biggar started writing in the supply chain sector in 2000, when she joined the Canadian Association of Supply Chain & Logistics Management. In 2004/2005, she was project manager for the Government of Canada-funded Canadian Logistics Skills Committee, which led to her 13-year role as communications manager of the Canadian Supply Chain Sector Council. A longtime freelance writer, Kim has contributed to publications including The Forwarder, 3PL Americas, The Shipper Advocate and Supply Chain Canada.
Back to top button