Pemex 2.2Mb FPSO Arrives from Singapore

A 2.2Mb-capacity floating production, storage and offloading (FPSO) vessel arrived in Mexico on Friday from Singapore, the former country's state oil company Pemex said in a statement.

The Yuum K'ak'naab will begin operations next month 105km off the coast of Ciudad del Carmen in the Sonda de Campeche region, the statement said.

Specifically, Yuum K'ak'naab will be anchored in 100 meter deep water northwest of the Ku-Maloob-Zaap field.

The US$758mn vessel will allow Pemex to mix different quality crudes to obtain an export-focused mix and offload 1.2Mb/d of mixed crude to tankers, among other benefits, the statement said.

Pemex acquired the vessel from Norway's Bergesen Worldwide.

Pemex's acquisition of the FPSO is part of its strategy to optimize Ku-Maloob-Zaap, which hit record production of 496,000b/d this year.

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