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In July 2017, Talos Energy, Premier Oil, and Sierra Oil & Gas announced that exploratory drilling in the Zama-1 field, located in the shallow waters of the Gulf of Mexico, had uncovered a formation with between 1.4 billion and two billion barrels of light crude oil. Because not all oil present is such a formation is technically recovered, it is ...
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Talos Energy was the operator of the project in a joint-venture with Sierra Oil & Gas and Premier Oil. In September 2018, Mexico’s National Hydrocarbons Commission approved a $325m budget for appraisal drilling at Zama. However, the presidency of López Obrador changed the approach of the Mexican government with private oil companies.
In March 2023, Pemex and U.S. based, Talos Energy submitted to develop an offshore oil field. [32] [33] The two companies have been partnered since 2022. [33] The platform that was submitted was for two offshore platforms and 46 wells with oil and gas from Zama would filter into the Pemex-run terminal at Dos Bocas. [32]
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Venari Resources LLC was a privately held offshore exploration and production company founded in 2012 by Brian Reinsborough. It was focused on the oil-prone subsalt region in the Gulf of Mexico’s deep waters.