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 Oil and Gas Field is a part of the Lakach Project.

Project Details

Main Data

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

1Final Investment Decision
Unit name Status Operator Owner Discovery year FID1 year Production start year Production type
Lakach in-development[1] Grupo Carso[2] Grupo Carso [100%][3] 2006[4] 2022[5][6] – conventional[7]

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 Reserves classification Quantity Units Data year Source
condensate 2P reserves 3.24 million bbl 2023 ​[8]
condensate 2p reserves 3.24 million bbl 2024 ​[9]
crude oil 2P reserves 0.0 million bbl 2023 ​[8]
gas 2P reserves 24009.98 million m³ 2023 ​[8]
gas 2p reserves 24009.98 million m³ 2024 ​[9]
gas original volume in place 31149.0 million m³ – ​[10]
oil 2p reserves 0.0 million bbl 2024 ​[9]

Table 3: Production from Lakach Oil and Gas Field

million m³/y = million cubic meters per year
Category Fuel description Quantity Units Data year Source
production design capacity gas 3100.8 million m³/y 2025 ​[11]

Location

Table 4: Field-level location details for Lakach Oil and Gas Field

Basin Location Onshore/Offshore Coordinates (WGS 84)
Golfo de Mexico Profundo Federal Offshore, Mexico[12][8] offshore[13] 19.0517, -95.266 (exact)[12][8]

The map below shows the exact location of Lakach Oil and Gas Field:

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."[14] OffshoreTechnology reported that "Final investment decision (FID) of the project was approved in 2022."[15] But, in November of 2023, the project was "scrapped" by NEF and Pemex[16] "because the parties could not come to an agreement on terms including pricing."[17] The project had previously been shelved due to cost concerns. Reserve estimates have also been questioned.[17]

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."[17]

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. ↑ https://www.spglobal.com/commodity-insights/en/news-research/latest-news/natural-gas/090324-feature-developing-deepwater-gas-deposit-lakach-for-mexican-market-a-bad-decision-observers-say. {{cite web}}: Missing or empty |title= (help)
  2. ↑ https://web.archive.org/web/20230513080814/https://campos.hidrocarburos.gob.mx/. Archived from the original on 13 May 2023. {{cite web}}: Missing or empty |title= (help)
  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/20240424004041/https://www.offshore-technology.com/data-insights/oil-gas-field-profile-lakach-conventional-gas-field-mexico/. Archived from the original on 24 April 2024. {{cite web}}: Missing or empty |title= (help)
  6. ↑ 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)
  7. ↑ 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)
  8. ↑ 8.0 8.1 8.2 8.3 8.4 https://web.archive.org/web/20230310204331/https://mapa.hidrocarburos.gob.mx/. Archived from the original on 10 March 2023. {{cite web}}: Missing or empty |title= (help)
  9. ↑ 9.0 9.1 9.2 https://web.archive.org/web/20230415231259/https://sih.hidrocarburos.gob.mx/. Archived from the original on 15 April 2023. {{cite web}}: Missing or empty |title= (help)
  10. ↑ 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)
  11. ↑ https://www.offshore-energy.biz/mexicos-top-oil-gas-projects-under-development-coming-to-grips-with-main-hydrocarbon-challenges-and-obstacles-at-home-and-abroad/. {{cite web}}: Missing or empty |title= (help)
  12. ↑ 12.0 12.1 https://mapa-hidrocarburos.energia.gob.mx/. {{cite web}}: Missing or empty |title= (help)
  13. ↑ https://www.naturalearthdata.com/downloads/10m-physical-vectors/10m-ocean/. {{cite web}}: Missing or empty |title= (help)
  14. ↑ "NFE Finalizes Agreements with Pemex to Complete Lakach Offshore Gas Field, Deploy FLNG Solution | New Fortress Energy". New Fortress Energy. Retrieved 2024-04-22.
  15. ↑ kgi-admin (2023-04-21). "Oil & gas field profile: Lakach Conventional Gas Field, Mexico". Offshore Technology. Retrieved 2024-04-22.
  16. ↑ 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)
  17. ↑ 17.0 17.1 17.2 "Report: Pemex looks to revive stalled Lakach project". Offshore. 2024-03-11. Retrieved 2024-04-22.