Exciting news in the energy sector: Grupo Carso, the Mexican holding company led by billionaire Carlos Slim, has signed an exploration and extraction services contract with Pemex, Mexico's state oil company.
This partnership aims to revive the Lakach natural gas project, which had stalled after the withdrawal of its previous partner, New Fortress Energy, last year.
With this new agreement, Grupo Carso becomes a crucial partner in developing the Lakach project, investing over $1.2 billion as a service provider, according to Reuters.
Importantly, Pemex will retain ownership of the field and its valuable gas reserves.
This development follows months of discussions between Pemex and Slim, with the goal of bringing the Lakach field into commercial production.
Grupo Carso plans to construct a land station to treat gas and condensate, making them ready for sale.
The company projects that commercial production will begin in approximately two and a half years.
The Lakach field is seen as a potential breakthrough for Mexico’s deepwater gas industry, and Pemex has been keen to find a new partner to unlock its potential.
This partnership with Grupo Carso marks a significant step forward, promising to boost the country’s natural gas production capabilities.
Stay tuned as this major energy project unfolds, bringing new opportunities and advancements to the Mexican gas industry.
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