{"id":2314,"date":"2020-07-08T12:12:44","date_gmt":"2020-07-08T18:12:44","guid":{"rendered":"http:\/\/accesstomexico.mx\/blog\/?p=2314"},"modified":"2020-07-10T12:44:38","modified_gmt":"2020-07-10T18:44:38","slug":"mexicos-pemex-talos-energy-told-to-seek-deal-on-shared-oil-find","status":"publish","type":"post","link":"https:\/\/accesstomexico.mx\/blog\/mexicos-pemex-talos-energy-told-to-seek-deal-on-shared-oil-find\/","title":{"rendered":"Mexico&#8217;s Pemex, Talos Energy told to seek deal on shared oil find."},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"850\" height=\"566\" src=\"https:\/\/accesstomexico.mx\/blog\/wp-content\/uploads\/2020\/07\/ENERGY-ING-1.png\" alt=\"\" class=\"wp-image-2315\" srcset=\"https:\/\/accesstomexico.mx\/blog\/wp-content\/uploads\/2020\/07\/ENERGY-ING-1.png 850w, https:\/\/accesstomexico.mx\/blog\/wp-content\/uploads\/2020\/07\/ENERGY-ING-1-300x200.png 300w, https:\/\/accesstomexico.mx\/blog\/wp-content\/uploads\/2020\/07\/ENERGY-ING-1-768x511.png 768w, https:\/\/accesstomexico.mx\/blog\/wp-content\/uploads\/2020\/07\/ENERGY-ING-1-700x466.png 700w, https:\/\/accesstomexico.mx\/blog\/wp-content\/uploads\/2020\/07\/ENERGY-ING-1-520x346.png 520w, https:\/\/accesstomexico.mx\/blog\/wp-content\/uploads\/2020\/07\/ENERGY-ING-1-360x240.png 360w, https:\/\/accesstomexico.mx\/blog\/wp-content\/uploads\/2020\/07\/ENERGY-ING-1-250x166.png 250w, https:\/\/accesstomexico.mx\/blog\/wp-content\/uploads\/2020\/07\/ENERGY-ING-1-100x67.png 100w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-mexico-oil-zama\/mexicos-pemex-talos-energy-told-to-seek-deal-on-shared-oil-find-idUSKBN249358\" target=\"_blank\" rel=\"noreferrer noopener\">REUTERS<\/a><\/p>\n\n\n\n<p>Mexico\u2019s state oil company Pemex and a private consortium led by U.S.-based Talos Energy Inc have been instructed to come to an agreement detailing how they will jointly develop a large offshore oil find, the energy ministry said on Wednesday.<\/p>\n\n\n\n<p>The formal instruction from the energy ministry, dated July 7 but announced in a statement on Wednesday, follows a determination that the Zama discovery made in the Talos-operated block in the Gulf of Mexico extends into Pemex\u2019s neighboring block.<\/p>\n\n\n\n<p>The so-called unification of Zama, in which the parties must determine which company will run operations of a joint development and come up with a preliminary split of the shared reservoir, marks the first time in Mexico such a high-stakes deal is being negotiated.<\/p>\n\n\n\n<p>Discovered in 2017, Zama is believed to contain nearly 700 million barrels of oil, making it the biggest new find in Mexico notched by a private company in decades.<\/p>\n\n\n\n<p>Prior to a landmark 2013 overhaul of Mexico\u2019s oil sector, which ended Pemex\u2019s longstanding monopoly, only the state-run firm was legally allowed to explore for and develop oil and gas projects in the country.<\/p>\n\n\n\n<p>The energy ministry said in its statement that Pemex and Talos Energy have 120 working days to present a unification agreement to jointly develop the Zama reservoir in a way that would maximize its value.<\/p>\n\n\n\n<p>The Talos-led consortium also includes Germany\u2019s Wintershall Dea [WINT.UL] and Britain\u2019s Premier Oil.<\/p>\n\n\n\n<p>Both Pemex and Talos have claimed that a majority of the reservoir\u2019s riches lie it its block, even as Pemex has yet to drill any exploratory wells on its side while Talos has drilled four.<\/p>\n\n\n\n<p>If the two companies fail to reach an agreement, the energy ministry can ultimately decree which firm will run Zama.<\/p>\n\n\n\n<p>Neither Pemex or Talos immediately responded to requests for comment.<\/p>\n\n\n\n<p><strong>David Alire Garc\u00eda. (2020). Mexico&#8217;s Pemex, Talos Energy told to seek deal on shared oil find. M\u00e9xico.&nbsp;<em>Reuters.&nbsp;<\/em>Recuperado de&nbsp;<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-mexico-oil-zama\/mexicos-pemex-talos-energy-told-to-seek-deal-on-shared-oil-find-idUSKBN249358\">https:\/\/www.reuters.com\/article\/us-mexico-oil-zama\/mexicos-pemex-talos-energy-told-to-seek-deal-on-shared-oil-find-idUSKBN249358<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>REUTERS Mexico\u2019s state oil company Pemex and a private consortium led by U.S.-based Talos Energy Inc have been instructed to come to an agreement detailing how they will jointly develop a large offshore oil find, the energy ministry said on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2314","post","type-post","status-publish","format-standard","hentry","category-uncategorized","clearfix"],"_links":{"self":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/2314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/comments?post=2314"}],"version-history":[{"count":1,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/2314\/revisions"}],"predecessor-version":[{"id":2316,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/2314\/revisions\/2316"}],"wp:attachment":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/media?parent=2314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/categories?post=2314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/tags?post=2314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}