The Zama field partners aim to submit a field development plan by March 2023
Mexico’s Zama set to win FID battle
The ‘world-class’ field could get a green light next year, following repeated delays and a resolved operatorship dispute
US independent Talos Energy and partners—including Mexico’s state-owned Pemex—plan to submit a field development plan (FDP) for the Zama field to Mexican regulator the National Hydrocarbons Commission (CNH) “by March 2023” at the latest, Talos says. Once the FDP is approved, “the parties will then move toward FID later in 2023”, Talos adds. That March 2023 deadline for the FDP submission was set under the unitisation resolution agreed between Talos and Pemex in March this year, which named the NOC as Zama’s operator. Under the agreement, Talos retains a 17.35pc working interest in the field, which is expected to produce around 160,000bl/d once fully operational. The FDP “originally envisione
Also in this section
2 December 2024
Crucial role of gas means country is laying the foundations to control physical and trading supply chains
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
Although Iraq remains a major crude exporter, it is still some way from becoming a regional energy supply hub. Ambitious new cross-border schemes aim to rectify that situation
29 November 2024
There are opportunities for attractive returns and greater project success amid a real push by the Iraqi government for reform, as long as there is a shared understanding between the needs of investors and the host government
