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Pemex platform fire kills one, injures six

  • Mercados: Crude oil, Natural gas
  • 23/08/21

A fire at a Pemex offshore platform in the southeast basin of Mexico's Gulf killed one and injured six, the state-owned company said.

The fire on the E-Ku A2 platform in the Campeche sound started at 4:10 ET yesterday and was brought under control at 5:10 ET the same day, Pemex said.

One Pemex employee died in the fire, while six people — three Pemex employees and three workers from oil services company Cotemar — were injured. A further five workers have been reported missing.

The platform is part of Pemex's main shallow-water production complex Ku Maloob-Zaap that represented 40.9pc of the total 1.77mn b/d crude output in June.

The fire is the latest in an increasing rate of accidents across Pemex's operations this year.

The number of accidents was up by 88pc in the first half of this year, compared with 2020, while the severity of those accidents also increased, according to Pemex's second quarter results report.

The platform fire also comes just a month after a gas pipeline leak within the same complex caused a massive blaze on the ocean surface.

Pemex has spent Ps12.8bn ($626.7mn) on a risk reduction program since 2019 but it has claimed $293.6mn through insurers for accidents registered during that same period.

As environmental, social and governance criteria (ESG) become more important to investors, Pemex will have to address its accident record if it wants to maintain access to financing.

"This year, Pemex's ESG score has deteriorated to such an extent — due to different fires and accidents — that it has now fallen below the minimum threshold for ESG overlays," Emso Asset Management senior portfolio manager Jens Nystedt told Argus recently.


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