Pemex owns 50.4% stake in offshore oil project. Credit: Nathan Forbes on Unsplash.

Petróleos Mexicanos (Pemex) and its partners have sought for development plan approval for the Zama oil field in the Gulf of Mexico.

The Unit Development Plan (PDU) for the Zama field has been submitted to the Mexican National Commission of Hydrocarbons (CNH). Pemex’s partners in the field include Talos Energy, Wintershall Dea, and Harbour Energy.

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Located in Block 7 in the Sureste Basin, the Pemex-operated field was discovered in 2017 and fully appraised in 2019. As per the UDP, the field is expected to have two offshore fixed platforms. Development will involve drilling 46 wells with subsequent oil and gas transportation to new facilities in Terminal Maritima Dos Bocas in Tabasco.

The Zama oil field is expected to have a production of up to 180,000 barrels of oil equivalent per day. The partners have formed an integrated project team (IPT) to manage the project delivery and operations during the construction stage.

Talos Energy president and CEO Timothy Duncan said: “The UDP provides an efficient development plan that we expect to advance to first production.

“Separately, the IPT provides important roles for each of the Zama Unit Holders, a structure which we believe best leverages the talents of each organisation and optimises project governance.”

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Based on globally recognised market indices, the Zama partners have also finalised agreements for the oil and gas marketing and the usage of facilities.

Pemex owns a 50.4% stake in offshore oil project while Talos Energy holds a 17.4% interest. Wintershall Dea and Harbour Energy own stakes of 19.8% and 12.4%, respectively.