Houston-based Talos Energy Inc. is working to finalize the field development plan (FDP) at the Zama project offshore Mexico.

Talos is working with its Block 7 partners Wintershall Dea and Harbour Energy, as well as state-owned Petróleos Mexicanos (Pemex).

The FDP has to be submitted to Mexico’s Comisión Nacional de Hidrocarburos (CNH) by March. Once approved, Talos expects to move toward a final investment decision (FID) later in 2023.

“Simultaneously,” CEO Timothy S. Duncan said in an earnings call, “we are also discussing the formation of an integrated project team or IPT, which is common in international projects.” The IPT “would provide a variety of roles in the project for all of the partners and enhanced governance rights for all the parties. 

“In our...