Zama

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 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…

Houston-based Talos Energy Inc., a major explorer in the Gulf of Mexico (GOM), expects to garner “several favorable provisions” from the Democrats’ Inflation Reduction Act (IRA), which would benefit the upstream business and the low-carbon ventures underway, CEO Timothy S. Duncan said. The independent issued its 2Q2022 results earlier this month, followed by a conference…

Mexican state oil company Petróleos Mexicanos (Pemex) will be the operator of the Zama oilfield offshore Mexico, which was discovered in 2017 by a consortium led by Talos Energy Inc. The decision culminates one of several high-profile skirmishes between President Andrés Manuel López Obrador’s government and the private energy sector. Talos said Monday it had…

Premier Oil plc said it expects results shortly from the Zama-2 appraisal well, which was spudded last November in Mexico’s Sureste Basin.

Mexican President Andrés Manuel López Obrador said Wednesday that he will offer a three-year “truce” to oil and gas companies that won exploration and production (E&P) contracts through bid rounds under his predecessor, Enrique Peña Nieto.

Petroleos Mexicanos (Pemex) plans to drill a test well later this year for the offshore Zama reservoir, a private sector-led discovery that may overlap with a neighboring block controlled by the state oil company.

Premier Oil plc expects to kick off an appraisal program for the offshore Zama discovery in southern Mexico by 2H2018 or early 2019, according to a company trading and operations update.