Pemex assumes control of ownership and operations of the FPSO vessel Yúum K’ak’náab

By: Franyi Sarmiento, Ph.D., Inspenet, August 4, 2022

The Norwegian company BW Offshore, announced through a press release that, as of July 22, the state-owned Petróleos Mexicanos (Pemex) assumed ownership and operation of the FPSO (Floating, Production, Storage and Offloading) Yúum K’ak’náab, known as El Señor del Mar, which operates the second largest offshore oil complex in Mexico.

The transfer was made in accordance with the terms of the 15-year finance lease, which began in 2007. In addition, the FPSO El Señor del Mar has operated in the Ku-Maloob-Zaap field since the middle of that year. “After the transfer, BW Offshore has no obligation to provide further operational services to Pemex,” the Norwegian company explained in its statement.

For its part, Pemex confirmed the transfer on Saturday, July 23 through a publication on its official Twitter account, and explained that its CEO, Octavio Romero Oropeza, visited the facilities of FPSO Yùum K’ak’Náab, which “as of today is property of Pemex after formalizing the contract for the acquisition and provision of services for 15 years”.

Ku-Maloob-Zaap is considered one of the largest offshore oil complexes in the world and comprises five producing fields: Ku, Maloob, Zaap, Bacab and Lum. It is located 90 kilometers off the coast of the Bay of Campeche and is the second largest complex in Mexico, after Chicontepec. Most of the oil produced in the Ku-Maloob-Zaap fields is piped to Cantarell and exported.

This GlobalEnergy portal material has been edited for clarity, style and length.

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