BW Offshore Limited today announces that, with effect from July 22, 2022, Pemex has assumed the ownership and operation of the FPSO YÙUM K'AK'NÁAB in accordance with the terms of the 15 year FPSO financial lease contract that commenced in 2007.
Following the transfer, BW Offshore Limited has no obligation to provide further operational services to Pemex.
The Mexican state-owned player confirmed the transfer on Saturday within a social media post, elaborating that its Chief Executive Officer (CEO), Octavio Romero Oropeza, visited the facilities of the FPSO Yùum K’ak’Náab that “as of today is owned by Pemex after finalising the contract for the acquisition and provision of services for 15 years.”
Located 90 kilometres offshore in the Bay of Campeche, Ku-Maloob-Zaap is considered to be one of the world’s largest offshore oil complexes, encompassing five producing fields: Ku, Maloob, Zaap, Bacab and Lum. This is the second largest complex in Mexico after Chicontepec and the majority of oil produced from the Ku-Maloob-Zaap fields is piped to Cantarell and exported.