Petroleos Mexicanos (Pemex) awarded the Houston-based, Cameron-Schlumberger joint venture OneSubsea, a US$270 million subsea production systems contract for the Lakach deepwater project offshore Mexico.
The Lakach project is the first deepwater subsea field to be developed by Pemex. The Lakach field is located 93km southeast of Veracruz, Mexico and 131km northwest of Coatzacoalcos, at a water depth varying between 850m and 1200m.
Upon the terms of agreement, OneSubsea will supply subsea production equipment and tooling for the seven-well system in addition to installation and commissioning services. OneSubsea says deliveries are expected to begin in June 2016.
Earlier this month, Pemex awarded Saipem a $750 million contract for the development of the Lakach field. The scope of work involves the engineering, procurement, construction and installation of the system connecting the offshore field with the onshore gas conditioning plant. Saipem will also develop the SURF (subsea, umbilicals, risers and flowlines) facilities, which include subsea equipment, infield umbilicals, flexibles and trees and control system installation. The project is expected to be complete by the end of 2017.
On 30 September, Pemex announced an MOU with Malaysia’s Petronas and Argentina’s YPF in addition to an MOU with BHP Billiton on 26 September.
Following Round Zero, Pemex now has rights to 83% of the country’s 2P reserves and 21% of perspective resources. In August, Pemex said in a statement that it had already identified 10 partnership opportunities, including two in the deepwater Gulf of Mexico.
Image from OneSubsea.