Mexico's state oil company, Petroleos Mexicanos, wants operational control ...
MEXICO CITY - Mexico’s state oil company, Petroleos Mexicanos, wants operational control over a major offshore oil area discovered by a consortium of private companies before development gets under way, its top official said on Wednesday.
Romero said Pemex believed the so-called Zama discovery extended from the area operated by U.S.-based Talos Energy Inc into its own neighboring block. Romero said a Pemex analysis showed “most” of the Zama reservoir was in the adjoining block belonging to Pemex. The Talos-led consortium has already drilled several exploratory wells on its block and has been negotiating behind closed doors for about a year with Pemex over a joint plan to develop the field, but no agreement has been announced.Despite repeated pledges to do so, Pemex has yet to drill its exploratory Asab well on its portion. But Romero said the heavily indebted firm would also like to develop two additional, nearby prospects on acreage it already controls.
Two week ago, Pemex’s exploration and production arm received authorization from regulators to drill the Naquita well, but no such authorization has yet been given to drill Chamak.
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