Talos Energy Inc. management on Friday indicated disagreement with the finding that Mexican state oil company Petróleos Mexicanos (Pemex) holds a majority gross interest in the Zama oil discovery offshore Mexico.

Talos

Zama was discovered by a Talos-led consortium at shallow-water Block 7 in 2017, but the reservoir extends into a neighboring Pemex tract.

A third-party reservoir engineering firm engaged by the Block 7 consortium and Pemex to evaluate the initial tract participation (ITP) of Zama recently concluded that the consortium holds 49.6% of the gross interest in Zama and Pemex holds 50.4%.

This contradicts an earlier finding by Netherland, Sewell & Associates Inc. that Talos and its partners hold a 59.6% gross interest in Zama, with Pemex holding the remaining...