Page 6 - LatAmOil Week 13 2021

LatAmOil MEXICO LatAmOil

Talos: SENER to take control

of Zama unitisation process

US-BASED Talos Energy reported on March 31 and its partners holds 60% of the reservoir in
that it had not been able to strike an agreement question, while Pemex’s licence area contains
on the unitisation of Zama, an oilfield located off the remaining 40%. Pemex has claimed, though,
the coast of Tabasco State, with several nearby that more than half of the deposit lies within its
sites assigned to Mexico’s national oil company own fields.
(NOC) Pemex. Talos discovered Zama in 2017 and has esti-
Talos and its partners have been in negoti- mated the field’s recoverable reserves at 700mn
ations with Pemex for some time, in line with barrels. The US-based company is working at
instructions from Mexican authorities to ham- the site in a consortium with Germany’s Win-
mer out an arrangement for combining work tershall Dea and Britain’s Premier Oil. (The latter
on the fields. However, the parties had failed to firm is expected to retain its stake in Zama fol-
come to terms by the government’s deadline of lowing its planned merger with Chrysaor Hold-
March 25. Accordingly, the US-based firm said, ings, another UK-based entity, later this month.)
Mexico’s Secretariat of Energy (SENER) will According to previous reports, the partners
assume control of the process and will draw up a hope to make a final investment decision (FID)
unitisation agreement in accordance with Mex- on the Zama project before the end of 2021. ™
ican regulations.
Since SENER had not commented publicly
on the matter as of press time, it is not yet certain
what form unitisation might take. Presumably,
though, the deal will seek to give as many advan-
tages as possible to Pemex, in line with Mexi-
can President Andres Manuel Lopez Obrador’s
preference for preserving state-run companies’
leading role in the energy industry.
SENER issued a formal order on the unitisa-
tion of Zama with neighbouring fields assigned
to Pemex last year. It did so on the basis of infor-
mation indicating that all four sites were part of
the same reservoir, which “extends from Block
7 to the adjacent Pemex AE-0152-Uchukil Asig-
nación at the Cuencas del Sureste in the Bay of
Campeche,” Talos said.
According to an engineering study carried
out by the oil consulting firm Netherland, Sewell
& Associates, the licence area assigned to Talos Zama is in the southern Gulf of Mexico offshore Tabasco (Image: Premier Oil)

NFE to supply two power plants

in Baja California Sur with LNG

US-BASED New Fortress Energy (NFE) is equivalent of 250,000-500,000 gallons (20,000-
slated to provide LNG to two thermal power 40,000 mmBtu) per day of LNG to the plants,
plants (TPPs) in Mexico under a new supply which are known as CTG La Paz and CTG Baja
agreement with CFEnergia SA de CV, a subsid- California. This is equivalent to about 424-848
iary of that country’s Federal Electricity Com- tonnes per day of LNG, or 154,760-309,520
mission (CFE). tonnes per year (tpy). Both of these facilities are
In a statement dated March 29, NFE located in the Mexican state of Baja California
explained that it had agreed to deliver the Sur, it noted.

P6 www. NEWSBASE .com Week 13 01•April•2021