Kayab

Location and Operator

The Kayab Heavy Oil Field is located in shallow water in Mexico and is operated by Petroleos Mexicanos (PEMEX), the state-owned integrated oil and gas company of Mexico.

Discovery and Development

The Kayab Heavy Oil Field was discovered in 2005. The field is situated at a water depth of approximately 505 feet.

Current Status

As of the latest updates, the Kayab project is currently in the construction stage. It is expected to start commercial production in 2024.

Development Costs

The development cost for the Kayab project is estimated to be around $18,731 million.

Production Forecast

Production from the Kayab heavy oil development project is forecasted to begin in 2024. The production is expected to peak in 2029 and continue until the field reaches its economic limit in 2056, based on economic assumptions.

Field Participation

The Kayab Heavy Oil Field is fully owned by Petroleos Mexicanos (PEMEX).

Operator Overview

Petroleos Mexicanos (PEMEX) operates across the entire value chain of the oil and gas industry, including exploration, production, processing, logistics, and marketing. The company also produces and distributes a wide range of petrochemical products, operates oil refineries, petrochemical and gas processing complexes, and manages various infrastructure such as terminals, pipelines, and transportation fleets.

Conclusion

The Kayab Heavy Oil Field is a significant project for Mexico's oil and gas sector, with substantial investment and expected long-term production. The project's development is a key part of PEMEX's strategy to enhance Mexico's energy production capabilities.