Olmos is a unconventional gas development located onshore Mexico and is operated by Petroleos Mexicanos. Olmos lies in block A-0400-Olmos.
The project is currently in commissioning stage and is expected to start commercial production in 2022. The development cost is expected to be $617 m.
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Field participation details
The field is owned by Petroleos Mexicanos.
Production from Olmos
Production from the Olmos unconventional gas development project is expected to begin in 2022 and is forecast to peak in 2025, to approximately 141 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2072.
Remaining recoverable reserves
The field is expected to recover 129.13 Mmboe, comprised of 774.78 bcf of natural gas reserves.
Contractors involved in the Olmos unconventional gas field
The key contractors involved in the Olmos project as follows.
Other Contractors: Lewis Energy Group
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By GlobalDataAbout Petroleos Mexicanos
Petroleos Mexicanos (PEMEX) is a state-owned integrated oil and gas company. It operates across the value chain of 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 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.
Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.
