Talos Energy Officially Loses Zama Operatorship in Unitization Process

Talos Energy said it will “evaluate various strategic and legal options” following the final unitization resolution regarding the development of the Zama Field in offshore Mexico but did not go into further detail.

Talos Energy Officially Loses Zama Operatorship in Unitization Process

The Zama Field, the largest non-Pemex oil find in Mexico in decades, was discovered by Talos Energy and its partners in the Gulf of Mexico in 2017. (Source: Talos Energy)

Talos Energy Inc.’s loss of operatorship of its Zama field discovery offshore Mexico was finalized, the Houston-based E&P company said March 28, in what marks the first so-called unitization deal ever in Mexico.

The decision comes several months after Talos filed dispute notices against Mexico’s government for picking Pemex, Mexican national oil company formally known as Petroleos Mexicanos, to run operations for the project over the company’s rival bid.

“We are disappointed that despite our consistent track record of success, safety and progress we were not provided the opportunity to retain our role as operator for the benefit of the project,” Timothy S. Duncan, president and CEO of Talos Energy, commented in a company release on March 28.

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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.