Carlos Slim’s Firm to Invest $1.2 Billion in Mexican Gas Field
- Production at Lakach project expected in 2 1/2 years
- Talos Energy and FCC will be Carso’s partners in deal
Carlos Slim
Photographer: Alejandro Cegarra/BloombergA company controlled by Mexico’s richest person, Carlos Slim, is investing $1.2 billion to develop a vast field in the Gulf of Mexico that is expected to produce gas around 2026, a potential model for how Mexico’s state oil company will work with private enterprise.
Slim’s Grupo Carso SAB agreed to a deal with Mexico’s state-run Petroleos Mexicanos to explore and extract from Lakach, a deepwater field discovered in 2007 about 98 kilometers (61 miles) southeast of the city of Veracruz.