Pemex FPSO Ship for Ku-Maloob-Zaap to Start Ops 2007

Mexico's state-owned oil company Pemex plans to add a floating, production, storage and offloading (FPSO) ship to the Ku-Maloob-Zaap project in Campeche state to start operations in 2007, a Pemex spokesperson told BNamericas.

The FPSO ship would produce 200,000 barrels a day of crude oil and 120 million cubic feet natural gas a day, and have storage capacity for 2.2 million barrels of crude, according to spokesperson.

Pemex plans to produce Maya crude oil at the FPSO ship in the Maloob and Zaap fields, the official said.

The company is expected to launch a tender for the FPSO ship's acquisition in 2006, but the spokesperson could not provide a specific date.

The Ku-Maloob-Zaap project is in the Gulf of Mexico. At present most of the project's production is artificially pumped by injecting natural gas and nitrogen into wells, the spokesperson said.

About Business News Americas: Business News Americas is a multilingual news and business information service that covers the most important original stories in 11 different business sectors throughout Latin America everyday. Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports.

Click here for a Free two week trial to our Latin America Oil & Gas information service.