Lakach is a conventional gas development located in deepwater in Mexico and is operated by Petroleos Mexicanos. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Lakach was discovered in 2007, lies in block A-0188-Lakach, with water depth of around 3,936 feet. Buy the profile here.
The project is currently in construction stage and is expected to start commercial production in 2024. Final investment decision (FID) of the project was approved in 2022. The development cost is expected to be $1,800 m. The Lakach conventional gas development will involve the drilling of approximately seven wells and includes FLNG.
Field participation details
The field is owned by Petroleos Mexicanos.
Production from Lakach
Production from the Lakach conventional gas development project is expected to begin in 2024 and is forecast to peak in 2028, to approximately 300 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2034.
Remaining recoverable reserves
The field is expected to recover 156.60 Mmboe, comprised of 939.58 bcf of natural gas reserves.
Contractors involved in the Lakach conventional gas field
Some of the key contractors involved in the Lakach project as follows.
Main EPC: Eni
EPC Contractors: Arendal S De RL De CV
Other Contractors: John Wood Group, Aker Solutions, DORIS Engineering, Mokveld Valves and Frames Energy Systems
About Petroleos Mexicanos
Petroleos Mexicanos (PEMEX) is a state-owned integrated oil and gas company. It operates across the value chain of the oil and gas industry, from exploration and production to processing, logistics, and marketing. The company also produces and distributes a wide range of petrochemical products. PEMEX owns and operates oil refineries, petrochemical and gas processing complexes, land and maritime terminals, oil and gas pipelines, maritime vessels, and a fleet of road transportation. The company sells gasoline and diesel in the domestic market through gas service stations under the PEMEX brand. It also exports crude oil, natural gas, petroleum, and petrochemical products to international markets. PEMEX is headquartered in Mexico City, Mexico.
For more details on the Lakach Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
