Offshore staff
NEW YORK – New Fortress Energy is embarking on two major gas ventures offshore Mexico.
The company and Pemex have agreed to form a long-term strategic partnership, supported by Mexico’s president Andrés Manuel López Obrador, covering joint development of the Lakach deepwater natural gas field in the Gulf of Mexico.
Pemex plans to harness the produced gas both for the Mexican onshore domestic market, and for NFE to export globally as LNG.
NFE will invest in the continued development of Lakach over a two-year period by completing seven offshore wells. It will also deploy at the field a 1.4-MMt/yr FLNG unit to liquefy the majority of the produced gas, with the remaining gas and associated condensate earmarked for domestic use.
The partners believe Lakach could produce for around 10 years, although there is potential to extending the reserve life if nearby fields are developed.
Pemex discovered Lakach in 2007, 70 km offshore Veracruz in southeastern Mexico. It is one of the largest non-associated gas fields in the GoM, with original gas in place of 1.1 tcf.
Adding the nearby undeveloped fields Kunah and Piklis, the area’s total resource potential is 3.3 tcf.
In a separate development, also backed by Mexico’s president, NFE has entered an agreement with Comisión Federal de Electricidad (CFE).
The agreement includes expanding and extending NFE’s supply of natural gas to various CFE power generation facilities and establishing a new LNG hub off the coast of Altamira, Tamaulipas.
In the latter case, CFE would supply the feed gas to two new 1.4-MMt/yr NFE FLNG units via existing pipeline infrastructure. In addition, CFE would share in the production and marketing of a portion of the LNG volumes from the new offshore hub.
Last July, NFE started operations at an LNG regasification terminal in the port of Pichilingue, La Paz, Baja California Sur. The terminal, which features NFE’s proprietary ISOFlex system, can send gas supplies to CFE’s power generation facilities in the region, which include CTG La Paz and CTG Baja California Sur.
Under the new arrangement, the two parties will extend the term of NFE’s gas supply agreement to these facilities in the region and increase the volume of gas delivered.
07.05.2022
