Pemex, Talos Agree to Share Some Decisions on Zama Oil Field (1)

Petroleos Mexicanos and Talos Energy have finalized a plan to develop the giant oil field Zama in a deal that will enable Talos and its partners to participate in operational decisions after the Mexican state oil giant was granted operatorship.

The development plan, which was submitted to Mexico’s oil regulator for approval on Thursday, envisions the creation of a so-called integrated project team in which all four stakeholders — Pemex, Talos and its partners Wintershall DEA and Harbour Energy — help shape the development of the 800-million-barrel find, according to press statements from the companies.

The deal is a somewhat ...