Page 7 - LatAmOil Week 47 2022

LatAmOil MEXICO LatAmOil

Pemex and NFE want to develop Lakach with two nearby fields, Kunah and Piklis (Image: Schlumberger)

This vessel, which is currently undergoing con- supply for LNG export into global markets.”
version at a shipyard in Singapore, will handle Edens also drew attention to the fact that
most of the gas extracted from the site, turning Mexican President Andrés Manuel López Obra-
out 1.4mn tonnes per year (tpy) of LNG. dor was backing the alliance between Pemex
NFE, in turn, will be responsible for produc- and his company. “Over the last several months,
ing the gas. It will serve as Pemex’s upstream we have enjoyed the opportunity to expand
service contractor, extracting gas and conden- our relationship with Mexico’s leading energy
sate and receiving a fee for every unit of pro- companies,” he commented. “We appreciate
duction delivered to the NOC. “The fee is based President López Obrador’s continued interest
on a contractual formula that resembles indus- in and support of our development process and
try-standard gross profit-sharing agreements look forward to delivering reliable solutions that
between the upstream service provider (NFE) enhance energy security for the people of Mex-
and the owner of the hydrocarbons (Pemex),” ico and our customers around the world.”
the statement said. Octavio Romero Oropeza, the CEO of
It further explained that NFE would have Pemex, added: “Pemex is pleased to finalise
the right to purchase gas from the field at a con- this strategic partnership with NFE, a leading
tracted rate and in sufficient volumes to keep its energy infrastructure company. We believe this
FLNG unit running. Pemex, meanwhile, will partnership will enable Pemex to efficiently lev-
have the right to sell all the remaining volumes erage our domestic natural gas resources, fulfil
of gas extracted from Lakach, as well as 100% of Mexico’s security of supply targets and facilitate
the condensate. gas-fired power infrastructure development in
Wes Edens, the chairman and CEO of NFE, the region.”
expressed satisfaction with the deal. “We are The National Hydrocarbons Commission
pleased to finalise our strategic partnership with (CNH), Mexico’s national oil and gas regulator,
Pemex, which strengthens our commitment to approved plans for the development of Lak-
long-term operations in Mexico, and we believe ach on October 31. NFE and Pemex have said
demonstrates the substantial value of our inte- they hope to develop the field together with
grated natural gas infrastructure business two nearby sites, Kunah and Piklis. These two
model,” he said. “This arrangement represents sites make Lakach a more attractive prospect, as
the first of what we consider to be an ideal for- they hold around 2.3 trillion cubic feet (65.13bn
mula for the deployment of NFE’s FLNG units to cubic metres) of gas in addition to Lakach’s 1
stranded gas plays around the world – one that trillion cubic feet (28.3bn cubic metres) of gas
combines gas for domestic use with low-cost in proven and probable reserves.. ™

US VIRGIN ISL ANDS
Limetree Bay oil refinery must meet new

permitting requirement to restart, EPA says

THE US Environmental Protection Agency it first obtains a new comprehensive Clean Air
(EPA) has informed Port Hamilton Refining Permit.
and Transportation (PHRT), the owner of the In a statement dated November 17, the
Limetree Bay Refinery near St. Croix in the US agency said it had instructed US-based PHRT
Virgin Islands (USVI), that it will not be author- to secure a Prevention of Significant Deteriora-
ised to resume oil-processing operations unless tion (PSD) permit.

Week 47 23•November•2022 www. NEWSBASE .com P7