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
6 February 2025
Policy initiatives will take time to reverse declining output, and restoring investor confidence is far from certain
6 February 2025
This premier event is poised to address the evolving technology and investment demands of North America’s thriving chemical and pharmaceutical sectors
5 February 2025
Growing appetite for LNG reinvigorates discussions between China and Myanmar, but civil war may prevent talk becoming action
5 February 2025
With new capacity, buyers must navigate sanctioned Russian crude, a return to traditional OPEC barrels and diversity of supply