Pemex Expects to Meet Deliveries After Fatal Platform Explosion

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Petroleos Mexicanos expects to meet deliveries on time after suffering a fatal explosion on an oil-processing platform in the Gulf of Mexico, the company said.

Four workers died including one from Mexican oil services provider Cotemar SA and 16 others were injured Wednesday after a fire on the Abkatun platform in the Gulf of Mexico, the state-owned company said. Pemex has no need to declare force majeure on deliveries, an official, who asked not to be named in line with company policy, said by telephone Thursday.

Pemex will redirect crude output at rigs to other processing facilities, Chief Executive Officer Emilio Lozoya said in a statement Wednesday. About 300 employees were evacuated from the site and a spillage was avoided, he said.

The platform is part of the Abkatun-Pol-Chuc complex, which produced 251,000 barrels of crude and 405 million cubic feet of gas a day from March 1-29, according to weekly production reports from Pemex’s Exploration and Production unit. The complex is between the states of Campeche and Tabasco, about 132 kilometers (82 miles) northeast of the port of Dos Bocas.

Cotemar was installing thermal insulating equipment on the platform, according to a person familiar with the situation, who asked not to be named because of company policy. The platform wasn’t involved in crude production because it is part of a processing center, the person said.

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