World Oil (Bloomberg) – Mexico’s state-controlled oil company said a fire at one of its Akal-B oil platforms in the Campeche Bank left nine people injured Saturday afternoon. Petroleos Mexicanos, also called Pemex, said two of the injured were its employees while the rest were from other companies. None had serious injuries and the fire was controlled in under 20
World Oil (WO) – Talos Energy Inc. and its Mexican subsidiary announced the closing of the sale of a 49.9% interest in Talos Mexico to Zamajal, S. A. de C.V., a wholly-owned subsidiary of Grupo Carso (“Carso”). Talos received $74.85 million in cash at closing, with an additional $49.90 million due upon first production, for an aggregate price of $124.75
World Oil (WO) – Woodside has made a final investment decision to develop the large, high-quality Trion oil field in Mexico. First oil is targeted for 2028. Woodside is the operator with a 60% participating interest and PEMEX Exploración y Producción (PEMEX) holds the remaining 40%. The forecast total capital expenditure is $7.2 billion with the development expected to
World Oil (WO) – Eni made a new oil discovery on the Yatzil exploration prospect in Block 7, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. According to preliminary estimates, the new finding may contain around 200 MMboe in place. Yatzil-1 EXP is the second commitment well of Block 7 and the eight
Oil and Gas 360 HOUSTON, Jan. 7, 2020 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced the finalization of the third-party contingent resource evaluation of the Company’s globally recognized Zama discovery commissioned from Netherland, Sewell & Associates, Inc. (“Netherland Sewell” or “NSAI”). Talos is the operator of Zama, located offshore Mexico, and holds a 35% working interest in
Well flow tested at 7,900 BOEPD, core sets Mexican offshore record with 714 feet of whole core Zama will ‘be impactful for the company and for the Mexican economy’ – Talos CEO Duncan Talos Energy Inc. (stock ticker: TALO, $TALO) reported good results for its Zama appraisal program in Block 7, located in the offshore portion of Mexico’s Sureste Basin in the Gulf
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