Slim will have part of the Zama megafield; buy 49.9% of Talos

Slim will have part of the Zama megafield; buy 49.9% of Talos
Slim will have part of the Zama megafield; buy 49.9% of Talos

May 25, 2023 | 5:24 p.m.

Grupo Carso, the conglomerate owned by Carlos Slim, has agreed to acquire a 49.9% stake in the Mexican subsidiary of Talos Energy, one of the companies that discovered the Zama megafield.

In exchange for the participation, carried out through the subsidiary Zamajal, the Mexican company will pay 124.75 million dollars in two installments: 74.85 million on the closing date of the agreement and 49.90 million once commercial production begins in the field.

With the execution of this operation, Grupo Carso will actively participate with Talos in order to obtain the most efficient execution of the project together with Pemex and the other members of the consortium.

indicated the conglomerate in a statement sent to the Mexican Stock Exchange (BMV).

Currently, Petróleos Mexicanos (Pemex) owns a 50.4% stake in Zama, while 19.8% is held by Wintershall Dea, 17.4% by Talos México and 12.4% by Harbor Energy.

Carso added that the operation is subject to the corresponding regulatory authorizations in Mexico.

Dispute for Zama

Talos Energy leads a consortium that in 2017 made the first discovery of a private field after the energy reform, which is also made up of Wintershall DEA (which bought Sierra Oil and Gas) and Harbor Energy (formed by Premier Oil and Chrysaor).

Zama, which borders Pemex’s Amoca-Yaxche-03 allotment, sparked a dispute between the state oil company and the company for control of it. In 2020, the Ministry of Energy ordered the unification of the deposit and a year later, it determined that the company directed by Octavio Romero Oropeza was the operator of the same.

Last April, Pemex and the consortium led by Talos finally presented the joint development plan to the National Hydrocarbons Commission, which has not yet been approved.

The plan includes two offshore platforms, the drilling and completion of 46 wells, as well as the transportation of produced oil and gas to the new onshore facilities of the Unit at the Dos Bocas Maritime Terminal.

Both Pemex and the government consider Zama a strategic project. It is estimated that the development of the field will allow a production of up to 180,000 barrels of oil per day.

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