U.S. Talos Energy and Mexico’s state-controlled oil firm Pemex have another three months to discuss and possibly reach an agreement over how to manage and operate a massive oil find offshore Mexico, the chief executive of Talos Energy, Tim Duncan, told Reuters this week. Talos Energy, leading a consortium of foreign oil companies, discovered the large Zama oil deposit in 2015. At an estimated 670 million recoverable barrels of oil, the discovery was the largest oil find in Mexico by a private company in decades. Pemex, however, says that the Zama deposit extends to a neighboring block operated by the Mexican state oil company. At the beginning of this year, Talos Energy said that a third-party contingent resource evaluation of the Zama oil discovery from Netherland, Sewell & Associates, Inc showed that 60 percent of the total resources of Zama are located on Block 7 operated by the Talos-led […]