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Zama appraisal to begin late 2018-19

Thursday, 11 January 2018 16:03

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%). 

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2018-10-19 11:44:38am