Pemex and Talos Energy sign plan to share oil fields

Pemex and Talos Energy sign plan to share oil fields

Warning: foreach() argument must be of type array|object, bool given in /home/mexiconow/public_html/sites/mexiconow/wp-content/themes/mexiconowwpnew/single.php on line 253

Petróleros Mexicanos (Pemex) and the operator Talos Energy signed a unification agreement between the oil fields Amoca-Yaxche-03 and block 7.

The alliance establishes a procedure for them to operate jointly if the existence of a shared deposit is confirmed, defining a process to determine the percentage of each party’s participation in any potential development, Pemex said in a statement.

‚ÄúThis agreement, which will be valid for two years, allows the parties to share information related to the recent Zama discovery to evaluate the possible extension of Pemex asignated part,‚ÄĚ the company explained.

Pemex and Talos will establish a working group, with the purpose of maximizing operative and computer resources, defining the activities in each of the segments to optimize seismic acquisition and reduce risk. The group will be integrated by legal and technical representatives of each of the companies. 

‚ÄúThis is the first preliminary unification agreement, which is celebrated in Mexico‚Äôs oil history,‚ÄĚ said the company‚Äôs director, Carlos Trevi√Īo, in a document.



- Pemex wins 7 of 16 contracts in ‚Äėvery encouraging‚Äô round 3.1 of Mexico‚Äôs oil tenders

- Investment in the oil industry to grow 27%, says Citibanamex

- Canadian company ATCO, Monterrey-based CYDSA join forces in the Oil & Gas industry