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The private company has started drilling on the continental shelf of Mexico

Private companies for the first time in 80 years began to drill for oil on the continental shelf of Mexico. This was reported by the Mexican National Commission for hydrocarbons, PRIME.

25.May.17 12:24 PM
By Christina Orlina


The private company has started drilling on the continental shelf of Mexico
Drilling is underway in Block 7, located in the forward structure of Zama in the pool Sureste (state of Tabasco) in the shallow shelf of the Gulf of Mexico. A consortium of companies Talos Energy Offshore Mexico, Sierra O&G Exploracion y Produccion and Premier Oil Exploration and Production Mexico received the right to develop this site during the first international licensing round. It Mexico held in 2015. According to one of the consortium members Premier Oil, the structure of Zama may contain from 100 to 500 million barrels of oil.

The first exploration well was called Zama-1SON. According to the calculations of Premier Oil, it will be drilled in approximately 90 days. It is expected that the cost will be about 66 million dollars.

The operator of the Block 7 is Talos Energy with a share of 35%. However, Sierra Oil and Gas owns 40% in the project, Premier Oil 25%.

The participation of private and foreign companies in Mexican oil tenders was made possible by the reform of the energy sector of the country. Reform Mexico has 2013. In 2015, we held three first-round tender, which had even the foreign "a daughter" the Russian LUKOIL, but to no avail.

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