Consortium lines up financing for Cantarell nitrogen plant

A group led by BOC Group, Murray Hill, N.J., has completed financing of $623 million for building the world's largest nitrogen plant, part of an enhanced recovery project in Mexico's most important producing area, Cantarell.Mexican state oil company Petroleos Mexicanos plans nitrogen injection as the centerpiece of a $10 billion megaproject to boost production in the Gulf of Campeche producing complex (see related story, p. 36).Pemex Exploracíon y Produccion in October 1997 let a 15-year nitrogen supply contract to the consortium, which consists of BOC, 30%; Japan's Marubeni Corp., 30%; Canada's Westcoast Energy Inc., 20%; Germany's Linde AG, 10%; and Mexico'...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected