(Energy Analytics Institute, 8.Jul.2020) — Mexico’s Energy Secretary (Sener) instructed the unification of a shared reservoir between the Zama field discovered through Contract CNH-R01-L01-A7 / 2015 by Talos Energy Offshore and Assignment AE-0152-Uchukil which is under ownership by Mexico’s state oil company Petroleos Mexicanos (Pemex).
In compliance with Article 42 II of Mexico’s Hydrocarbons Law, the unification has been ordered based on the technical opinion of the National Hydrocarbons Commission (CNH) as well as a favorable opinion from the Ministry of Finance and Public Credit, Sener announced 8 July 2020 in a statement on its website.
The shared deposit has an approximate area of 26.7 square kilometers and is located in shallow waters of the Gulf of Mexico some 58 kilometers off the coast of Tabasco.
Zama represents one of the most important discoveries made by a private company in Mexico, and will be the first deposit in Mexico’s long history to be developed between Pemex and a private company under an unification procedure.
Unification of the shared reservoirs is intended to maximize the value and economic recovery of hydrocarbons, which is why, based on the unification instruction, Talos Energy Offshore and Pemex must submit to Sener within 120 business days, an unification agreement related to extraction activities to be carried out jointly.
The deposit’s production of light oil is expected in the first half of 2024, Sener said.
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By Jared Yamin. © Energy Analytics Institute (EAI). All Rights Reserved.
