The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Mexico chooses Pemex to operate Zama oil field - document, sources

Mon, 05th Jul 2021 15:53

MEXICO CITY, July 5 (Reuters) - Mexico's energy ministry has
selected state company Pemex to operate a major oil field in
southern Mexico that it shares with a consortium led by U.S.
firm Talos Energy, according to a document and three
sources close to the decision.

Both Pemex and Talos had argued they could best develop the
Zama field, estimated to hold nearly 700 million barrels of oil,
and said they had most of the oil reserves in their part of the
deposit.

The document, a copy of which was seen by Reuters, showed
that the energy ministry notified Pemex on Friday of its
decision.
(Reporting by Ana Isabel Martinez, Adriana Barrera and Marianna
Parraga; Writing by Daina Beth Solomon)

Related Shares

More News
2 May 2024 13:48

UK shareholder meetings calendar - next 7 days

2 May 2024 13:44

UK earnings, trading statements calendar - next 7 days

30 Apr 2024 17:08

London close: Stocks follow Wall Street into the red

(Sharecast News) - London markets closed in the red on Tuesday, turning weaker during the afternoon to mirror the decline in Wall Street equities, as ...

24 Apr 2024 15:29

Wintershall Dea management board to step down after Harbour Energy deal closed

BERLIN, April 24 (Reuters) - Wintershall Dea said on Wednesday that the current management board will step down after the transfer of its non-Russia...

24 Apr 2024 15:22

Wintershall Dea management board to step down after Harbour Energy deal closed

BERLIN, April 24 (Reuters) - Wintershall Dea said on Wednesday that the current management board will step down after the transfer of its non-Russia...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.