Lakach Oil and Gas Field (Federal Offshore, Mexico)

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Lakach Oil and Gas Field is an in development oil and gas field in Federal Offshore, Mexico.

Along with Lalail Oil and Gas Field (Mexico), Lakach is a part of the Lakach complex.

Project Details

Main Data

Table 1: Field-level project details for Lakach Oil and Gas Field

*Final Investment Decision
Unit name Status Operator Owner Discovery year FID* year Production start year
Lakach In development[1] PEMEX[2] PEMEX (100.0%)[3] 2006[4] 2022[5] 2024 (expected)[6]

Production and Reserves

Table 2: Reserves of Lakach Oil and Gas Field

million m³ = million cubic meters million bbl = million barrels of oil
Fuel Description Reserve Classification Quantity Units Data Year Source
condensate 2P reserves 3.24 million bbl 2023 [7]
crude oil 2P reserves 0 million bbl 2023 [7]
gas original volume in place 31149 million m³ [not stated] [8]
gas 2P reserves 24009.63 million m³ 2023 [7]

Location

Table 3: field-level location details for Lakach Oil and Gas Field

Basin Location Coordinates (WGS 84)
Golfo de Mexico Profundo Federal Offshore, Mexico[7] 19.0517, -95.266 (exact)[7]

The map below shows the exact location of the field(s) within the Lakach complex:

Loading map...

Background

In 2022, New Energy Fortress (NEF) and Pemex finalized an agreement "to complete the development of the Lakach deepwater natural gas field, one of the largest non-associated gas fields in the Gulf of Mexico."[9] OffshoreTechnology reported that "Final investment decision (FID) of the project was approved in 2022."[10] But, in November of 2023, the project was "scrapped" by NEF and Pemex[11] "because the parties could not come to an agreement on terms including pricing."[12] The project had previously been shelved due to cost concerns. Reserve estimates have also been questioned.[12]

However, in early 2024, PEMEX and "billionaire investor Carlos Slim’s team [were] discussing ways to revive development of the Lakach field development project in the deepwater Gulf of Mexico."[12]

Articles and Resources

Additional data

To access additional data, including an interactive map of oil and gas extraction sites, a downloadable dataset, and summary data, please visit the Global Oil and Gas Extraction Tracker on the Global Energy Monitor website.

References

  1. CNIHCAMPOS2023
  2. "Base Nacional de Campos Petroleros - Descarga de información general, según ubicación". June 2, 2021. Archived from the original on June 2, 2021. Retrieved May 5, 2021.
  3. https://web.archive.org/web/20221209021545/http://www.offshore-technology.com/projects/lakach-deepwater-project/. Archived from the original on 09 December 2022. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help)
  4. (PDF) https://web.archive.org/web/20210626040549/https://www.pemex.com/en/investors/publications/Reservas%20de%20Hidrocarburos%20Archivos/Reservas%202006_i_%20070327.pdf. Archived from the original (PDF) on 26 June 2021. {{cite web}}: Missing or empty |title= (help)
  5. https://web.archive.org/web/20221125012311/https://www.businesswire.com/news/home/20221122005207/en/NFE-Finalizes-Agreements-with-Pemex-to-Complete-Lakach-Offshore-Gas-Field-Deploy-FLNG-Solution. Archived from the original on 25 November 2022. {{cite web}}: Missing or empty |title= (help)
  6. https://web.archive.org/web/20230201184448/https://www.nsenergybusiness.com/projects/lakach-offshore-gas-field/. Archived from the original on 01 February 2023. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help)
  7. 7.0 7.1 7.2 7.3 7.4 Comision Nacional de Hidrocarburos (44927). "Nacional de Información de Hidrocarburos Mapa". Portal CNIH. Archived from the original on June 2, 2021. Retrieved 45109. {{cite web}}: Check date values in: |access-date= and |date= (help)
  8. https://web.archive.org/web/20230327231208/https://lngprime.com/americas/nfe-inks-deals-to-install-floating-lng-producers-off-mexico/56280/. Archived from the original on 27 March 2023. {{cite web}}: Missing or empty |title= (help)
  9. "NFE Finalizes Agreements with Pemex to Complete Lakach Offshore Gas Field, Deploy FLNG Solution | New Fortress Energy". New Fortress Energy. Retrieved 2024-04-22.
  10. kgi-admin (2023-04-21). "Oil & gas field profile: Lakach Conventional Gas Field, Mexico". Offshore Technology. Retrieved 2024-04-22.
  11. Eschenbacher, Stefani (November 7, 2023). "Exclusive: Mexico's Pemex, New Fortress Energy scrap deepwater gas project -sources". Reuters. Retrieved April 23, 2024.{{cite web}}: CS1 maint: url-status (link)
  12. 12.0 12.1 12.2 "Report: Pemex looks to revive stalled Lakach project". Offshore. 2024-03-11. Retrieved 2024-04-22.