Zama Field (Mexico) Could Deliver First Oil in 2022
Wednesday 30 May 2018
Talos plans to initiate the appraisal of the Zama field in 4Q 2018 and, alongside its partners in the venture, has initiated high-level unitization discussions with Pemex. Following the appraisal campaign and completion of a Front End Engineering Design ("FEED") study and unitization agreement, the Company expects to announce the FID of the project in 4Q 2019 or 1Q 2020. First oil is expected in 2022, with production increasing through 2024, as additional facilities are installed in the field.
In addition to Zama, the Company's portfolio in Mexico includes several other high-impact exploration prospects and Talos expects to begin drilling additional wells on its acreage in 2019.