Petroleos Mexicanos (Pemex) and a Talos Energy group have signed a preunitization agreement allowing the sharing of information about contiguous shallow-water areas offshore Mexico.
One of the blocks, the Talos group’s Block 7 production-sharing contract area, contains the 2017 Zama oil discovery, where the group earlier this year reported plans for an appraisal well (OGJ Online, May 18, 2018).
Pemex operates the adjacent Amoca-Yaxche-03 allocation area, tracts within which are covered by the new agreement.
Pemex said the 2-year pact is the first of its kind in Mexico. The agreement allows sharing of information about the Zama discovery and its potential extension into the Pemex area.
It also provides for the signing of unitization and unit-operating agreements if a shared reservoir is confirmed.
The parties will form a working group to manage affairs covered by the pact.
Block 7 interests are Talos, operator with 35%; Sierra Oil & Gas, 40%; and Premier Oil, 25%.