Zama…. Any thoughts ???22 Jun 2024 12:08
zama was discovered in 2017. the field holds recoverable volumes of 625.68 million barrels of oil and 243.29 billion cubic feet of gas. it is estimated to have a recovery rate of 37.8% for both oil and gas.
the field area was extended up to the nearby offshore block owned by pemex, following the completion of a three-well appraisal programme in june 2019. secretaría de energía, the mexican ministry of energy, suggested the unification of the field in july 2020 and pemex became the operator of the field in july 2021. this was pretty contentious and basically talos were shafted in my opinion. the estimated cost of investment is expected to be 4.5$billion
https://www.offshore-technology.com/projects/zama-oil-discovery/?cf-view
so who owns zama..?
zama is owned by pemex 50%, wintershall 20%, talos 17% and harbour 12%. so basically we own 32%…..wow.
slims bit…..
carlos slim is the richest man in mexico and not only owns over 8% of harbour but owns 49.9% of talos… are we joining the dots?..
https://www.reuters.com/markets/deals/mexicos-grupo-carso-buys-stake-talos-energy-piece-zama-2023-05-25/
so what the delay?
well we had some **** and bull about engineering design but basically pemex didn’t have the money to start it this year is how it looks.
https://www.offshore-mag.com/regional-reports/latin-america/article/14310219/report-mexicos-zama-oil-project-undergoing-changes-in-engineering-design
so where are we now and what next.
from what everyone has said it look like it only going back a year but remember this is mexico we are dealing with. at a guess i would expect first oil in 2026 and peak production in about 2030.
so is mexico a good place for us.
completely personal opinion but i would like us to sell all the mexican bits and use the cash to focus on one of our other lucrative areas. just to risky to pump 100s of millions in to my mind.
they did have an election earlier this month won by claudia shenbalm
“during her presidential campaign, sheinbaum promised to boost renewable energy investment by $13.57 billion (£10.61bn), and to deliver rapid action on decarbonisation. if she follows through on advancing a "low and just carbon transition", an analysis by wri estimates a 3.5% increase in jobs and a 1.6% rise in gdp.”
“consequently, by aligning herself closely with lópez obrador and running on behalf of his ruling left-wing party morena, there are some who believe that sheinbaum will continue in this direction. her roadmap does not mention net zero. and while, in a televised debate, she promised to help mexico adapt to climate change when she takes office on 1 october, she also defended lópez obrador’s construction of a new oil refinery.”
so the jury is still out on her although mexico main economy is oil and they produce 1.6 million barrels per day.
so that’s a bit about zama. you pay your money and make your choice.
any thoughts…???
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