Mexican state oil company Petróleos Mexicanos (Pemex) has submitted a development plan to authorities for the long-delayed Zama shallow water oil project off Mexico’s southeastern coast.

Zama

Zama is expected to produce up to 180,000 boe/d of oil and gas at its peak, equal to over 10% of Mexico’s current production.

Pemex is the operator of Zama with a 50.4% participating interest. Stakes in the project are also held by Houston-based Talos Energy Inc. (17.4%), Germany’s Wintershall Dea GmbH (19.8%) and Edinburgh, Scotland-based Harbour Energy plc (12.4%).

The development plan includes two offshore fixed platforms, 46 dry-tree wells, and oil and gas transportation to new facilities at the Dos Bocas maritime terminal in Tabasco state, Talos said.

A decision on the...