Harbour Power PLC mentioned Wednesday it has assumed operatorship of the Zama oil area in Mexican waters following a government-sanctioned appointment by its companions.
Its companions – state-owned Petróleos Mexicanos (Pemex), Grupo Carso SAB de CV and Talos Power Inc – “could have the choice to nominate key personnel into Harbour’s undertaking staff”, the Edinburgh-based firm mentioned in a web based assertion.
Gustavo Baquero, Harbour managing director for Mexico, mentioned, “Harbour’s appointment as operator of the strategically essential Zama undertaking is testomony to the belief that the Mexican authorities, together with Pemex, locations in Harbour and our companions, Grupo Carso and Talos Power”.
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“As soon as onstream, Zama will contribute materially to Mexico’s home vitality provide and to Harbour’s manufacturing ranges”, Baquero added.
The sector, found 2017, is estimated to carry about 750 million barrels of oil equal (MMboe) recoverable assets, Harbour mentioned.
Harbour expects to finish engineering and design works subsequent 12 months, earlier than a last funding choice.
Harbour owns a 32.22 % stake in Zama. Pemex holds 50.4 %. Talos Mexico, majority owned by Houston, Texas-based Talos, has the remaining 17.35 %.
Carso is an oblique proprietor in Zama by means of its 49.9 % stake in Talos Mexico, to be raised to 80 % after the consummation of an additional acquisition from Talos that was introduced December 17, 2024.
Harbour additionally operates the Kan oil area southwest of Zama with a 70 % stake. TotalEnergies SE owns 30 %.
Earlier this 12 months Harbour accomplished an appraisal marketing campaign for Kan. “Harbour has considerably elevated its oil-in-place estimate for Kan from 200-300 million barrels to 500 MMboe of oil-in-place, with up to date gross recoverable assets of roughly 150 million barrels – a 50 % enhance over preliminary projections”, it mentioned in a press launch Could 8.
To contact the writer, e-mail jov.onsat@rigzone.com
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