Carso plans to team up with a local unit of Spain’s Fomento de Construcciones y Contratas and Talos Energy. Credit: Saknarong Butsabong/Shutterstock.

Mexico’s state energy company, Pemex, has partnered with Grupo Carso to resume the development of the Lakach natural gas project, reported Reuters.

Located 93km south-east of Veracruz and 131km north-west of Coatzacoalcos, in the Gulf of Mexico, the Lakach deep-water gas field has been shelved twice previously.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The collaboration will see Grupo Carso injecting more than $1.2bn to develop the project, and acting as the service provider.

Pemex will retain ownership of the Lakach field and its reserves. Grupo Carso’s role will involve constructing an onshore facility.

Grupo Carso was cited by the news agency as saying in a statement that the onshore station will be equipped to “treat gas and condensates for disposal at sale conditions”. Production is expected to start in around two and a half years.

Carso, a company controlled by Mexican business investor Carlos Slim, plans to team up with a local unit of Spain’s Fomento de Construcciones y Contratas and Talos Energy to develop the Lakach field, reported Bloomberg News.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In March 2024, Reuters reported Pemex was in talks with Slim’s group regarding the control and development of the Lakach field.

Discovered in 2007, the Lakach field is estimated to hold 900 billion cubic feet of natural gas.

The collaboration comes after the previous partner, New Fortress Energy, exited the project in 2023 as the parties could not agree on terms including pricing.

Since then, Pemex has been scouting for a new partner for the field’s development.