Zama Oil Field – Oil & Gas 360

Mexican tycoon Slim cites interest in more oil investments, growing stake in Talos

February 14, 2024

Investing MEXICO CITY-Mexican tycoon Carlos Slim is interested in increasing his investments in the oil sector, including in U.S.-based Talos Energy (NYSE:TALO)’s projects, after the billionaire businessman bought a stake last year in a major offshore project discovered by Talos. Speaking at a press conference, Mexico’s richest person signaled he would like to grow his company’s presence in the oil

Mexico’s Pemex wants to operate Zama as its block holds most of the oil

January 29, 2020

Reuters MEXICO CITY – Mexican state oil company Petroleos Mexicanos would like to run the operations in a major offshore oil area discovered by a consortium of private companies when development eventually begins, the company’s chief executive said on Wednesday. Chief Executive Officer Octavio Romero told a regular government news conference that the company known as Pemex believes most of

Talos Energy announces completion of independent resource evaluation of Zama discovery

January 7, 2020

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

Talos Energy Increases Borrowing Base, Announces Hedges

July 11, 2019

By Bevo Beaven, Editor, Oil & Gas 360, with Olivier Goodrich Gulf of Mexico explorer Talos Energy (stock ticker: TALO) has added three new lenders to its credit facility and bumped its borrowing base to $850 million from the previous level of $600 million. Additionally, Talos has announced multiple derivative contracts, consisting of swaps and costless collars, to hedge its

Talos Completes Zama Appraisal

June 27, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Third and final appraisal well drilled, FID expected by 2020 Talos Energy Inc. (stock ticker: TALO), an independent E&P headquartered in Houston, has completed its Zama appraisal program in Block 7 of Mexico’s offshore Sureste Basin. Block 7 is owned by a consortium of companies, including Sierra Oil & Gas, Wintershall

Talos CEO says ‘Interested’ in Anadarko’s Gulf of Mexico Assets

May 24, 2019

From S&P Global Platts Houston — Gulf of Mexico operator Talos Energy may be interested in buying some of Anadarko Petroleum’s deepwater Gulf of Mexico assets that Occidental Petroleum will acquire in its pending $57 billion purchase of that company, Talos’ CEO said Thursday. In addition, Talos – the first foreign company to make a discovery in Mexico’s offshore in

Strong Well Results in the Gulf: Talos Energy’s Zama-2 ST1 Appraisal Well Reinforces Zama Predictions - Oil & Gas 360

Talos Starts Final Zama Appraisal Well

May 9, 2019

Frontloaded CapEx: Talos spends 32% of yearly budget By Richard Rostad, analyst, Oil & Gas 360 Talos Energy (ticker: TALO) announced first quarter results today, showing a net loss of $109.6 million, or ($2.02) per share. Talos spent $155.6 million in the quarter, up from the $142.4 million the company spent in Q4. Talos reports its capital program is heavily

Talos Energy Begins Zama Appraisal Program

December 4, 2018

Talos Energy Announces Commencement Of Zama Appraisal Program

Talos Energy Wins Key Approval: CNH Okays Zama Appraisal Plan

September 28, 2018

Appraisal program to be completed by mid-2019 Talos Energy Inc. (ticker: TALO) said the Mexican oil & gas regulator, the National Hydrocarbons Commission (CNH), has approved the appraisal plan for the Zama discovery, and CNH is currently reviewing the application for drilling permits. The appraisal plan includes three new reservoir penetrations. This is a key approval required for Talos to

A First for Mexico

September 21, 2018

Pemex, Talos, Premier Oil, and Sierra Oil and Gas Sign PUA for Zama Pemex, with the Block 7 Consortium – Talos Energy (ticker: TALO), Premier Oil (ticker: PMO), and Sierra Oil and Gas – have just signed a Pre-Unitization Agreement (PUA) for two offshore areas in Mexico’s Southeast Basin: the Amoca-Yaxche-03 allocation and the Block 7 contiguous production sharing contract.

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