Pemex has been appointed operator of Zama
Talos loses out on Zama operatorship
Mexican authorities rule in favour of NOC Pemex, raising doubts about the speed to first oil
Mexican state oil company Pemex has been appointed operator of the landmark Zama shallow-water discovery after the country’s energy secretariat, Sener, sided with the NOC over a consortium led by US independent Talos Energy in block seven. The result of the unitisation dispute had been heavily delayed by the pandemic, but an independent survey update in late May suggested the decision could swing Pemex’s way. The revised calculation pointed to a 49.6pc share of the reservoir for the block seven consortium, against 50.4pc for the Mexican NOC. “The problem is Pemex’s financial situation, whether it has the money to push first oil in the short term” Lopez Velarde, Ritch Mueller Before t
Also in this section
4 December 2024
Associated gas from legacy oil basins could offer a new lease of life to wobbling shale gas production and cement US powerhouse status
3 December 2024
Papua New Guinea’s LNG sector appears to be back on track, with other projects in the pipeline
2 December 2024
Crucial role of gas means country is laying the foundations to control physical and trading supply chains
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
