The sale of a stake in Mexico’s giant Zama oil field promised to help Premier Oil pay down debts and strengthen its balance sheet, but an ownership conflict is complicating that process.
Talos Energy has struck deals with BP and ExxonMobil covering new exploration opportunities in the US Gulf of Mexico.
Premier Oil said today that the resource estimate for the Zama field offshore Mexico had been raised "significantly" following the drilling of appraisal wells.
Offshore is ready for the limelight again.
Talos Energy is targeting first oil from the 1 billion barrel Zama discovery off Mexico in 2022.
As Premier Oil and Talos announce a billion barrel find in Mexico's Zama-1 exploration well - the first offshore exploration well drilled by the private sector in Mexico's history - EV decided to compile a list of the five most recent billion barrel hauls worldwide. The numbers alone are staggering.
A consortium that includes Mexico's Sierra Oil & Gas plans in early 2017 to make its first exploratory drill in one of the fields it was awarded as part of a landmark energy reform.