Kayab is a heavy oil development located in shallow water in Mexico and is operated by Petroleos Mexicanos. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Kayab was discovered in 2004, the field with water depth of around 505 feet. Buy the profile here.
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The project is currently in commissioning stage and is expected to start commercial production in 2024. The development cost is expected to be $18,731 m.
Field participation details
The field is owned by Petroleos Mexicanos.
Production from Kayab
Production from the Kayab heavy oil development project is expected to begin in 2024 and is forecast to peak in 2029, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2056.
About Petroleos Mexicanos
Petroleos Mexicanos (PEMEX) is a state-owned integrated oil and gas company. It operates across the value chain of the oil and gas industry, from exploration and production to processing, logistics, and marketing. The company also produces and distributes a wide range of petrochemical products. PEMEX owns and operates oil refineries, petrochemical and gas processing complexes, land and maritime terminals, oil and gas pipelines, maritime vessels, and a fleet of road transportation. The company sells gasoline and diesel in the domestic market through gas service stations under the PEMEX brand. The company also exports crude oil, natural gas, petroleum, and petrochemical products to international markets. PEMEX is headquartered in Mexico City, Mexico.
For more details on the Kayab Heavy Oil Field, buy the profile here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
