Zama appraisal to begin late 2018-19

Thursday, January 11, 2018

Premier Oil announced in its trading and operations update that it is working with joint venture partners Talos Energy (operator) and Sierra Oil & Gas to progress the appraisal program for the Zama-1 discovery in block 7 in the Sureste Basin offshore Tabasco, Mexico.

The Ensco 8503 drilled the Zama-1 prospect. Photo from Ensco.

According to Premier, the joint venture partners are working with Mexican state oil firm Pemex, who holds position in a neighboring block, to move onto the next phase of drilling. Talos discovered that the Zama reservoir may reach into Pemex's nearby block, and the firm has been working with Mexican regulatory authorities to deal with the issue. (Editor's note: OE will discuss this topic and the Zama field in a future issue.)

Premier said it expects the appraisal program for Zama to begin in either 2H 2018 or early 2019.

Zama, which is thought to contain 1.4-2 billion bbl of light oil, ranks among the top 15 largest shallow water discoveries worldwide in the past 20 years, according to Pablo Medina, senior analyst, Latin America upstream, Wood Mackenzie, in statement back in July 2017.

Talos operates block 7 with 35% interest. Its partners include Sierra (40%) and Premier (25%). 

Read more:

Talos makes major 'historic' oil find off Mexico

Categories: North America Exploration Drilling

Related Stories

Oil at Six-week High

Multi-pronged Brazil Effort Paying off for Norwegians

McDermott, COOEC Win EPCI 'Mega-Project'

Aker BP Makes Oil Discovery off Norway

Near Miss on the Terra Nova FPSO

Pemex Quietly Pursues Deepwater Project

Two Groups Bid in Israel's Offshore Tender

Expro to Supply IRS Offshore Mauritania

New Platform Loaded Out for Vladimir Filanovsky

UK Launches 32nd Offshore Licensing Round

Current News

North Sea Capital Making Inroads

US Gulf Production Restarting After Barry

Two Groups Bid in Israel's Offshore Tender

Expro to Supply IRS Offshore Mauritania

New Platform Loaded Out for Vladimir Filanovsky

PGNiG Buys Into Duva Field

MacGregor Cleared to Buy TTS Unit

German North Sea Wind Power Output Rising

Inpex Wins Offshore Australia Block

Hurricane Energy Spuds Lincoln Crestal

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week