Zama Field Unitization Process Continues, Led by Mexico's Ministry of Energy

Source: www.gulfoilandgas.com 3/26/2021, Location: South America

Talos Energy Inc. ("Talos,") (TALO) announced that the unitization process of the Zama field will enter its next phase, as established in Mexican regulation. The Mexican Ministry of Energy ("SENER") is now required to propose finalized terms of a Unitization and Unit Operating Agreement ("UUOA") based on international best practices and considering inputs from the parties.

Petroleos Mexicanos ("Pemex") and the Block 7 consortium, comprised of Talos and partners Premier Oil and Wintershall Dea, did not propose a UUOA to SENER within the initial timeframe established by the unitization guidelines, which ended March 25, 2021.

President and Chief Executive Officer Timothy S. Duncan commented: "Since the presentation of the original key terms for the UUOA, significant progress in reaching a common understanding has been largely achieved. We appreciate the increased momentum and commitment from Pemex towards achieving a joint resolution. As we transition into this new phase in the process, we look forward to continuing to engage constructively with both SENER and Pemex and we are confident we can achieve a positive outcome for all parties."

Discovered in 2017 by the Talos-led consortium, Zama is a shared reservoir that extends from Block 7 to neighboring Pemex AE-0152-Uchukil Asignación in the Cuencas del Sureste, in the Bay of Campeche in Mexico.


Mongolia >>  5/10/2021 - Petro Matad Limited, the AIM quoted Mongolian oil company, provides the following update. ...
Uzbekistan >>  5/4/2021 - ERIELL Group continues to develop the infrastructure of the fields as part of the implementation of the "Program of measures to increase hydrocarbon p...

Australia >>  5/3/2021 - Santos and Eni have signed a Memorandum of Understanding (MOU) to cooperate on opportunities in northern Australia and Timor-Leste. ...
Cambodia >>  4/28/2021 - KrisEnergy refers to its announcement dated 31 March 2021 in relation to the production performance of the KrisEnergy-operated Apsara oil development....

Norway >>  4/23/2021 - Equinor and partners Petoro, Shell, Total and ConocoPhillips have decided in favour of Troll West electrification, and submit the plan for development...
Norway >>  4/23/2021 - Equinor and its partners Petoro, Total, Neptune and Wintershall Dea have decided to develop Askeladd Vest, which is in the southern Barents Sea. The i...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.