Talos Energy finds partner for Mexico’s Zama field

Talos Energy has signed a deal with Mexican conglomerate Grupo Carso that will see the latter take stake in the offshore Zama field development in Mexico, the Texas-based E&P player announced today.

The sale will see Grupo Carso take a 49.9% interest in Talos Energy’s Mexican subsidiary Talos Mexico that holds a 17.4% stake in the Zama field for USD 125 million.

The transaction is expected to close in Q3 2023 and is subject to state approval.

The Zama field located in the Gulf of Mexico was discovered in 2017 and is expected to hold around 850 million barrels of oil.

The development includes two offshore platforms and 46 wells linked to Pemex’s onshore Dos Bocas terminal.

The project is expected to produce up to 180,000 bopd.

Unit development plans were submitted to Mexico’s National Hydrocarbons Commission in March 2023, and the FID on the project is expected to take place this year.

Pemex became the operator of the field in March 2022 and holds the remaining stake in the project.