Basham advises Grupo Carso on Lakach project with Pemex

Basham Ringe y Correa has advised Grupo Carso in the transaction with Pemex Exploración y Producción for the exploitation of the Lakach field.

Lakach is a deepwater field located in the southern Gulf of Mexico, was discovered in 2007 and its reserves are estimated at approximately 900 billion cubic feet of gas. The project estimates an investment of USD 1.2 billion over the next few years for the development of the field.

Through this transaction, Grupo Carso continues to consolidate its participation in the hydrocarbon extraction sector in Mexico, adding to the acquisition of the Zama field in 2023, the acquisition of PetroBal Operaciones Upstream, completed on 20 June, and its several years of experience in the manufacture of offshore platforms, Jack Ups and onshore and offshore drilling.

Carlos Facha and Marisol Garcia acted as in-house advisors to Grupo Carso.

Basham’s team consisted of partner Juan Carlos Serra (pictured left) and associate Pablo Nosti (pictured right).