Monday, November 04, 2024
name of Prensa Latina
Bandera inglesa
English Edition
Search
Close this search box.
name of Prensa Latina

NEWS

NEWS

PEMEX to extract crude oil in deepwater field in Campeche

Pemex-300x169
Mexico City, Nov 4 (Prensa Latina) The National Hydrocarbons Commission (CNH) authorized Petróleos Mexicanos (PEMEX) to go ahead with the development plan for the extraction of crude oil in the Kayab field in Campeche.

The company reveals on its website that the exploitation of the deposit represents an investment of more than 18 billion dollars.

According to the information sent by the operator, the deposit is part of the Campeche Oriente assignment, located in deep waters in a 41-square kilometer area, near the states of Campeche and Tabasco, in the Gulf.

Commissioner Héctor Moreira Rodríguez considered that although it represents a high level of uncertainty, it also offers opportunities due to the expected investment and the amount of resources that are estimated to be obtained, amounting to 494 million barrels of crude oil.

Commissioner Alma América Porres said on her side, that the crude that will be obtained in the field is ultra-heavy, unlike the one obtained in shallow waters or in land fields, and added that, although the oil company presented two alternatives, the CNH determined approving the first one, which will allow for a greater volume and development activity, since it plans to drill 35 wells and will have three platforms.

The investment program, which includes the operating expenses presented by PEMEX, amounts to 18 billion 730 million dollars. CNH experts considered the plan to be favorable, therefore it was approved unanimously.

jrr/llp/mem/lma

LATEST NEWS
RELATED