Offshore staff
HOUSTON – Talos Energy says the unitization process of the Zama oil field, which extends across two blocks offshore Mexico, will enter the next phase, in line with Mexican regulations.
The Ministry of Energy (SENER) must now propose finalized terms of a unitization and unit operating agreement (UUOA) based on international best practices and considering inputs from the various parties.
Pemex and the block 7 consortium, comprising Talos, Premier Oil and Wintershall Dea, did not propose a UUOA to SENER within the initial timeframe established by the unitization guidelines, which ended on March 25.
Talos President and CEO Timothy S. Duncan said: “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.”
Zama, discovered by Talos in 2017 in block 7, is a shared reservoir that extends into the neighboring Pemex AE-0152-Uchukil Asignación in the Cuencas del Sureste, in the Bay of Campeche.
03/26/2021
