Offshore staff
HOUSTON – Grupo Carso subsidiary Zamajal has agreed to acquire a 49.9% interest in Talos Energy Mexican subsidiary Talos Mexico, which holds the company's 17.4% stake in the Zama Field offshore Mexico.
Carso, based in Mexico City, will be Talos Mexico’s controlling shareholder. The transaction should close during the third quarter pending approval by Mexico's Federal Economic Competition Commission.
The purchase price is $124.75 million for the 49.9% stake, and the value of the full 17.4% stake in Zama could reach $262.50 million if certain milestones are achieved.
Talos President and CEO Timothy S. Duncan said, " Our relationship dates back to the 2015 offshore lease sales in Mexico. As we accelerate recent momentum and advance Zama toward FID and first production, we are confident that Carso is the right partner at the right time…
“The joint venture will also benefit from Carso's critical presence in Mexico and global commercial experience.”
In March the partners submitted the Zama Unit Development Plan to Mexico's National Commission of Hydrocarbons for formal approval, also establishing an integrated project team of individuals from all four Zama Unit Holders (Pemex, Talos, Wintershall Dea and Harbour Energy) to manage the development and operation of the project.
Talos will co-lead planning, drilling, construction and completion of the wells and planning, execution, and delivery of the offshore infrastructure.
05.26.2023
