0916 Lakach Exploration and Extraction Integral Services Contract

execution

The contract is in the process of early termination, by agreement of both parties. The objective of the project is to maximize the economic value of the hydrocarbon reserves for the Lakach Field, located in the Lakach contractual area, and contemplates recovering a volume of gas of 847.90 MMMpc, which represents a recovery factor of 64.67% of the 2P reserve of the field, as well as recovering a volume of condensate by transporting and processing the produced gas equivalent to 3.58 MMb. It should be noted that the Lakach Field does not present a possible reserve. For the exploitation of the field, the following activities are considered: • Recovery and completion of the 6 development wells already drilled and currently temporarily plugged, as well as the recovery and major repair of the Lakach 2DL appraisal well, which is also plugged. • Construction, installation and interconnection of underwater equipment, through 7 horizontal underwater trees, linked to two production collection centers or manifolds and their control distribution centers. • Laying of marine pipelines: 1 Gas Pipeline of 18” diameter for 56.6 km from the submarine system to the Offshore Gas Processing Platform, 1 Gas Pipeline of 18” diameter for 16.77 km from the Offshore Gas Processing Platform to the point of sale in land, including its fiscal measurement, 1 pipeline of 4” in diameter by 14.37 km in length for the transport of condensates from the Offshore Gas Processing Platform to the point of sale on land and 1 Umbilical, in two sections, the main and the field one with a total length of 56.60 km. The laying of the pipelines towards the terrestrial part includes their beach arrival. • Construction or enabling and installation of a Marine Gas Processing Platform for gas collection and conditioning, including compression. • Activities for the abandonment of wells and facilities.