The Zama oil field which is located in the Gulf of Mexico shallows within Mexican territory is one of the most promising sites currently being worked on anywhere in the world today in terms of its potential to yield substantial quantities of oil. The current projections suggest that this site could end up containing as much as two billion barrels of oil as well as containing reserves of a recoverable nature that add up to as much as 800 million oil barrels.
At the forefront of the exploratory operations that are currently being performed in the Zama field is none other than Houston, Texas-based exploratory energy firm Talos Energy. The company has experienced a lot of great news in the last couple of years that included a merger with another exploratory firm called Stone Energy. This merger had the added benefit of allowing Talos Energy to absorb the public listing that Stone Energy already carried. Now Talos Energy is at the head of a vibrant consortium of exploratory energy firms that also includes U.K. based firm Premier Oil and Mexican based operation Sierra Oil. Talos is spearheading the effort along with these partners in order to utilize the resources that the Zama field presents.
Talos Energy and its partners might soon be joined by yet another critical partner. This time it looks like it will come in the form of Mexican government-run oil company Pemex. Pemex is already operating in the oil field that is directly adjacent to the Zama project and so this partnership makes a lot of sense for a number of reasons. A major aspect of this partnership will include both sides of the equation sharing their current data with one another in an attempt to be able to maximize the effectiveness of the exploratory efforts for all parties that are concerned.
Tim Duncan heads up Talos Energy as its CEO and founder and he has expressed great excitement at the possibility of making this business deal a reality. The data that both efforts can provide to one another will only benefit the other side. to this effect, Tim Duncan recently sat down with Mexico’s new President-elect Andres Manuel Lopez Obrador. One of the President-elect’s top priorities is to strengthen the position that Pemex is currently in and forging a partnership with the Talos Energy consortium will go a long way towards helping him to accomplish this goal.
Learn more about Talos Energy : https://www.prnewswire.com/news-releases/talos-energy-llc-announces-historic-oil-discovery-offshore-mexico-300486773.html