Pemex takes charge of Mexico’s Zama field

MEXICO CITY, March 29, 2022 – Talos Energy has received a final unitisation resolution from the state regarding the offshore Zama field in Mexico with NOC Pemex installed as operator, the Houston-based E&P company announced on Monday.

Unitisation of the asset was required as the field is in both Talos Energy-operated Block 7 and the adjacent Pemex-operated block.

Talos Energy holds an operating 35% share in Block 7 and will retain a 17.35% share of the Zama field.

The field was discovered by Talos Energy in 2017 and holds an estimated 735 million to 950 million boe. Independent third-party operators approximate production figures at 160,000 boepd once fully developed.

The companies’ final investment decision is expected in 2023 following the submission of a unit development plan.

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