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Fri, January 31, 2025
[ Fri, Jan 31st 2025 ]: Bustle
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[ Thu, Jan 30th 2025 ]: Oneindia
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Exclusive: Mexico's Pemex, billionaire Slim renegotiate deepwater gas project

Mexican state oil company Pemex and billionaire Carlos Slim's Grupo Carso are set to renegotiate terms for a deepwater natural gas project in the Gulf of Mexico, known as the Lakach field, due to its high costs and technical challenges. The project, initially discovered in 2006, has faced delays and cost overruns, leading to a need for a revised approach. Pemex's CEO, Octavio Romero, mentioned that the project's development would be reconsidered in 2025, with a focus on reducing costs and adapting to current market conditions. This renegotiation comes at a time when Pemex is under financial strain, with significant debt and a need to increase production efficiency. The collaboration with Grupo Carso, which has a 49.9% stake in the project, aims to leverage Slim's expertise in infrastructure to make the project viable.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/energy/mexicos-pemex-billionaire-slim-renegotiate-deepwater-gas-project-2025-01-31/ ]


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