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
29 April 2026
Trafigura’s $1b prepayment agreement confirms African resource holders’ renewed interest in oil-backed financing deals as they look to capitalise on high oil prices
29 April 2026
The UAE’s departure from the oil producers’ group was a surprise to many, but the move can be traced back to a single point five years ago
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls






