Mexico's Lakach field has 308 MMcf reserves

Mexico's state oil company Pemex has announced large natural gas reserves at its Lakach gas field, located 70 miles (113 km) northeast of Veracruz.

Pemex calls Lakach, the fourth most important field in Mexico in terms of total reserves of unassociated gas. Lakach is said to contain proved reserves of 308 MMcf of gas, proved and probable reserves of 673 MMcf and proved, probable and possible reserves of 1,302 MMcf. Initial tests from wells there indicate a production rate of 25 MMcf/d to 30 MMcf/d. The Lakach wells are in water depths of 3,241 feet (988 m) feet of water, one of the deepest water depths in which Pemex has drilled. The gas deposits are located around 9,842 feet to 10,498 feet (3,000 to 3,200 m) deep. Production from Lakach is expected to begin in 2013. The large amount of reserves in relatively deep water have encouraged Pemex to look towards deepwater oil and gas to reverse Mexico's declining oil reserves. However, the energy reform bill that would allow Pemex to partner with foreign companies for exploration and production, giving Pemex access to the knowledge and technology needed to fully exploit deepwater reserves, has been heavily contested.

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